Germany Chemicals Industry Group (VCI): Raises 2015 sales growth forecast to +0.5% vs -0.5% prior; cites weaker euro
- Guides 2015 chemicals production +1.5%, prices approx -2% y/y
- H1 Production +1%, chemical sales +0.5%, producer prices -3%
- The industry continues to benefit from the weak euro, but notes lack of sustained momentum for global economy.