Naperville, IL -- (SBWIRE) -- 06/16/2014 -- Reportstack, provider of premium market research reports announces the addition of Germany Petrochemicals Report Q3 2014 market report to its offering
The weak and volatile external demand picture is compounded by a longer-term trend of eroding export
competitiveness, which is starting to make itself felt in Germany's petrochemicals industry, according to
BMI's latest Germany Petrochemicals Report.
While Germany remains relatively competitive compared with its eurozone peers, the economy has lost
significant price competitiveness against non-eurozone industrial economies since mid-2012. The transition
towards renewable resources will continue to exert a sizeable cost on energy-intensive German
petrochemicals industries despite recent energy reforms. Attempts to shield industry from these costs will
delay the process of economic rebalancing towards a more consumption-based growth model, although
German industrial competitiveness will ultimately suffer from higher energy costs.
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