The output of the electrical and electronic industry will increase of Germany
The German Electrical and Electronic Industry Association said on the 10th that in view of the recent high-speed double-digit growth in the electrical and electronic industry in Germany, it is expected that production will increase by 8% this year.
The association issued a press release on the same day that the electronics and electrical industry is stable, but there are risks. The biggest challenge at present is the shortage of materials and delays in supply. According to data released by the association, compared with the same period last year, in April this year, new orders in the German electrical and electronic industry increased by 57%, output increased by 27%, and sales increased by 29%.
From January to April this year, new orders in the industry increased by 24% year-on-year, and output increased by 8% year-on-year; total revenue was 63.9 billion euros, an increase of nearly 9% year-on-year. Max Milbrecht, an expert at the German Federal Agency for Foreign Trade and Investment, said that the rapid growth in the output of the German electrical and electronic industry is due to strong exports and huge domestic demand in Germany. In the automotive and industrial electrical fields, Germany is an extremely attractive market.