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December 22, 2015
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The manufacturing sector's stock of foreign direct investment (FDI) added up to some EUR 251.1 bn in Germany in 2013. This is equivalent to more than 27% of total German FDI. The data is collated on the basis of the specific business sector to which a German investor belongs. The statistics incorporate the following direct investments of domestic companies and private individuals: firstly, direct cross-border share capital or company voting rights of 10% or more. Secondly, stakes in foreign companies are taken into account if the directly and indirectly (that is via dependent holding companies) held share capital or voting rights exceed the 50% mark. [more]
PROD0000000000448386 1   |    December 22, 2015Chart in Focus December 22, 2015 Automotive industry dominates German foreign direct investment Author www.dbresearch.com Deutsche Bank Research Management Stefan Schneider Eric Heymann +49(69)910-31730 eric.heymann@db.com The manufacturing sector's stock of foreign direct investment (FDI) added up to some EUR 251.1 bn in Germany in 2013. This is equivalent to more than 27% of total German FDI. The data is collated on the basis of the specific business sector to which a German investor belongs. The statistics incorporate the following direct investments of domestic companies and private individuals: firstly, direct cross-border share capital or company voting rights of 10% or more. Secondly, stakes in foreign companies are taken into account if the directly and indirectly (that is via dependent holding companies) held share capital or voting rights exceed the 50% mark. In 2010 the FDI stock of the German manufacturing industry was just about EUR 220.9 bn. The increase until 2013 was equivalent to an annualised average growth rate of nearly 4.4%. Within the manufacturing sector four industries are the dominant foreign investors. The automotive industry leads the way with a 47.2% share. Electrical engineering (13.6%) and chemicals (13.5%) come next. Mechanical engineering has a share of 9.7%. Of the major industries it is the automotive sector that has also recorded the fastest growth in foreign direct investment: an increase of 7.1% p.a. between 2010 and 2013. Ultimately, the above-mentioned sectors that top the FDI rankings are the “usual suspects”. They not only invest particularly large amounts abroad, they are also the key pillars of Germany's export industry. In 2014 these sectors combined were responsible for 56.5% of all goods exported from Germany. The high foreign direct investment and the strong export figures indicate the global focus of the sectors concerned. Deutsche Bank Research Automotive industry dominates German foreign direct investment 2   |    December 22, 2015Chart in Focus © Copyright 2017. Deutsche Bank AG, Deutsche Bank Research, 60262 Frankfurt am Main, Germany. All rights reserved. When quoting please cite “Deutsche Bank Research”. The above information does not constitute the provision of investment, legal or tax advice. Any views expressed reflect the current views of the author, which do not necessarily correspond to the opinions of Deutsche Bank AG or its affiliates. Opinions expressed may change without notice. Opinions expressed may differ from views set out in other documents, including research, published by Deutsche Bank. The above information is provided for informational purposes only and without any obligation, whether contractual or otherwise. No warranty or representation is made as to the correctness, completeness and accuracy of the information given or the assessments made. In Germany this information is approved and/or communicated by Deutsche Bank AG Frankfurt, licensed to carry on banking business and to provide financial services under the supervision of the European Central Bank (ECB) and the German Federal Financial Supervisory Authority (BaFin). In the United Kingdom this information is approved and/or communicated by Deutsche Bank AG, London Branch, a member of the London Stock Exchange, authorized by UK’s Prudential Regulation Authority (PRA) and subject to limited regulation by the UK’s Financial Conduct Authority (FCA) (under number 150018) and by the PRA. This information is distributed in Hong Kong by Deutsche Bank AG, Hong Kong Branch, in Korea by Deutsche Securities Korea Co. and in Singapore by Deutsche Bank AG, Singapore Branch. In Japan this information is approved and/or distributed by Deutsche Securities Inc. In Australia, retail clients should obtain a copy of a Product Disclosure Statement (PDS) relating to any financial product referred to in this report and consider the PDS before making any decision about whether to acquire the product.