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German metal production investments down slightly in 2010

Monday, 28 November 2011 15:49:28 (GMT+2)   -  

Tags: Germany , Europe , investments , automotive , manufacturing , steelmaking , European Union | similar articles » SteelOrbis News

As reported by Germany's Federal Statistical Office (Destatis), in 2010, German industrial firms with 20 or more employees invested approximately €46.9 billion in assets, increasing slightly by 0.4 percent or €185 million over 2009. In 2009, the investments had dropped by 22.1 percent compared to the previous year.

In 2010, German manufacturers showed a strong increase of 12.6 percent year on year in investment in the production of motor vehicles and motor vehicle parts amounting to €10.4 billion, while investments in the manufacture of metal products decreased slightly by 0.1 percent year on year to €3 billion.

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