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[BUSINESS] · Germany · 5 sources

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Part of situation: German economy: mixed recovery and rising fiscal debt (30 clusters)

German chemical industry business climate improves in September

chemical industry Ifo business climate German economy manufacturing sector supply chain disruptions

The business climate in the German chemical industry improved in September for the second consecutive month. According to the Ifo Institute, the industry's business climate index rose to 5.5 points, up from -2.6 points in August. Companies reported a positive assessment of their current business situation at 8.8 points, while business expectations shifted from -15.0 to 2.3 points.

This recovery is being driven by exports and orders from the manufacturing sector, as well as increased government spending on defense and infrastructure. However, experts warn that the recovery remains fragile. Much of the improved price competitiveness is attributed to temporary factors, such as supply chain disruptions and production outages in the Gulf region.

Structural challenges persist, including high cost levels and a very low order backlog. Consequently, companies are planning further job cuts, and the industry continues to face significant location-based disadvantages in Germany.

Entities

Anna Wolf · BASF · Evonik · Germany · Ifo Institute

Claims

What the coverage asserts, and how many sources carry each claim.

  • [● 2 SOURCES] Business expectations improved from -15.0 to 2.3 points. www.onetz.de
  • [● 2 SOURCES] Chemical companies assessed their current business situation at 8.8 points. www.onetz.de
  • [● 2 SOURCES] Increased government spending on defense and infrastructure is supporting the sector through intermediate goods purchases. www.onetz.de
  • [● 2 SOURCES] The recovery is driven by exports and orders from the manufacturing sector. www.onetz.de
  • [● 2 SOURCES] The recovery is considered fragile because improved price competitiveness relies on temporary factors like supply chain disruptions in the Gulf region. www.onetz.de
  • [● 3 SOURCES] The Ifo business climate index for the chemical industry rose to 5.5 points in September from -2.6 points in August. www.chemie.de · www.onetz.de
  • [● 2 SOURCES] The order backlog in the chemical industry remains very low. www.onetz.de
  • [○ 1 SOURCE] Companies are planning further job cuts due to high cost levels.

Sources

Ifo: Geschäftsklima in Chemiebranche hellt sich deutlich auf [www.onetz.de]
Konjunktur: Ifo: Geschäftsklima in Chemiebranche hellt sich deutlich auf [www.volksfreund.de]
Stimmung hellt sich auf, aber Erholung bleibt fragil [www.chemie.de]
Börse am Morgen: Deutsche Post, Euro, Anleihen und Konjunkturdaten - Nord/LB [www.finanznachrichten.de]
Ifo: Geschäftsklima in Chemiebranche hellt sich deutlich auf [www.wz.de]