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NATGAS: German Industrial Gas Demand Falls Year on Year in August

NATGAS
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German industrial gas demand dipped below last year’s level in August amid deteriorating sentiment indicators and weak global demand, according to ICIS.

  • The fall is counter to most months this year showing German industry demand greater than in the same month last year.
  • Germany’s Federal Ministry for Economic Affairs and Climate Action said last week that “industrial activity is likely to remain subdued in the coming months” and "a noticeable recovery in the export-oriented industry in Germany is not to be expected in the short term."
  • Chemicals industry trade group VCI said “the mood in our industry has noticeably cooled again”.

 

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German industrial gas demand dipped below last year’s level in August amid deteriorating sentiment indicators and weak global demand, according to ICIS.

  • The fall is counter to most months this year showing German industry demand greater than in the same month last year.
  • Germany’s Federal Ministry for Economic Affairs and Climate Action said last week that “industrial activity is likely to remain subdued in the coming months” and "a noticeable recovery in the export-oriented industry in Germany is not to be expected in the short term."
  • Chemicals industry trade group VCI said “the mood in our industry has noticeably cooled again”.

 

Keep reading...Show less