German Chemical Industry Sees Improved Outlook Amid Government Support

The Ifo Institute reports a significant rise in business climate expectations, driven by the government's electricity price package.

The business climate index for Germany's chemical industry rose by nearly 10 points in October, according to the Ifo Institute.
Expectations in the sector improved from -15.9 to +4.7 points, signaling renewed optimism.
The government's electricity price package is seen as a key factor boosting industry confidence.
Despite improved expectations, the current situation remains challenging with low capacity utilization and declining order backlogs.
Financial constraints continue to hinder investment, with companies reporting increased financing difficulties.