War in Middle East hits German chemical industry 'with full force' in March, Ifo says
Published on April 2, 2026.
Business confidence in Germany's chemical industry fell sharply in March due to the Middle East conflict. The Ifo institute's index for the sector dropped to -25.0 points from a seasonally adjusted -16.7 points in February, while expectations also decreased. The German chemical sector has been under pressure for years due to low demand, high energy costs, and geopolitical tensions.
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