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Automotive industry: Strong growth and a favourable outlook

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  • Reinhard Hild

Abstract

The German automotive industry achieved a turnover of 317 billion euros in 2010. This corresponds to a nominal increase of 20.5% vis-à-vis the previous year and to an increase in real turnover volume of 21.1%. With this above-average growth the automobile sector expanded its position as Germany's largest industrial group in terms of turnover. Its share in the total manufacturing industry rose to 21.6% (2009: 20.6%). For 2011 a continuation of this growth trend is expected. In total the real turnover increase of the German automotive industry might well amount to 10%.

Suggested Citation

  • Reinhard Hild, 2011. "Automotive industry: Strong growth and a favourable outlook," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(06), pages 36-41, March.
    • Handle: RePEc:ces:ifosdt:v:64:y:2011:i:06:p:36-41
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    More about this item

    JEL classification:

    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment

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