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Downward Trend for Europe's Chemical Industry: Debt Crisis Takes its Toll

| Editor: Dominik Stephan

In the second quarter 2012, total sales of the German chemical industry dropped by 0.5 percent to 45.2 billion euros. Against the first quarter 2012, domestic sales declined by 4.1 percent to 17.3 billion euros. By contrast, foreign sales improved by 1 percent to 27.9 billion euros.

Employment Remains on a Stable Level

Currently, the employment market was unaffected by this trend, as employment in companies was kept constant in the second quarter 2012. As compared with the second quarter 2011, the total number of staff in the German chemical industry increased by 2 percent to ca. 437,000 employees.

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