Tuesday, 02 January 2024 12:17 GMT

Germany gives industrial sector much needed attention


(MENAFN) Initial results from a recent manufacturing survey show that German manufacturers intend to increase their investment by 6 percent in 2016.

German economic growth in the coming year will basically be driven by big firms, as small firms plan to reduce their expenditure on new buildings in 2016.

Of the world's 500 largest stock-market-listed companies measured by revenue in 2014, the Fortune Global 500, a total of 28 are headquartered in Germany.

Germany is known for its huge sum of specialized small and medium enterprises, and about 1,000 of these firms are global market leaders in their segment.


MENAFN

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