German rubber industry ‘to stagnate’ in 2019

Frankfurt, Germany – The German tire & rubber-goods manufacturing sector has entered a phase of zero or near-zero growth, according to figures from the WDK.

For the sector as a whole, the outlook is for full-year sales to come in at €11.75 billion –  just 0.1% higher than in 2017 –  followed by “stagnation” next year, the industry association’s chief economist Michael Berthel forecast.

Driven by a strong export performance, sales of German-made technical elastomer products showed a 3% year-on-year rise to end of August. However, noted…

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