Chinanews, Berlin, June 10 (Reporter Peng Dawei) According to the latest news from the German Electrical and Electronic Industry Association (ZVEI), the German electrical industry has recently maintained a double-digit rapid growth.
To this end, the association has raised its previous forecast for the German electrical industry’s output this year from 5% to 8%.
The association expects to make up for last year's negative 6% production loss this year.
At present, the industry economy is stable, but there are also certain risks.
One of the biggest challenges is the logistics problem of material shortages and delays in the supply chain.
In April this year, new orders in the German electrical industry increased by 57% year-on-year.
At the same time, production and sales increased by 27% and 29%, respectively.
These extremely high growth rates are certainly not only due to base effects.
In April 2020, the first month of the COVID-19 pandemic, the company's orders dropped sharply.
But now it has fully made up for the decline at that time.
It is reported that from January to April this year (including April), the number of new orders in the German electrical industry increased by 24% over the same period last year, and output increased by 8%.
The total industry revenue in the first four months reached 63.9 billion euros, an increase of nearly 9% over the same period last year.
"Germany’s electrical industry has benefited from strong exports and a large amount of domestic demand-Germany is an extremely attractive market for automobiles and industrial electrical appliances. Germany is moving towards leading the market in electric vehicles and autonomous driving. All these developments require more electrical products." Max Milbredt, an expert at the German Federal Foreign Trade and Investment Agency, told reporters that this is why the German industrial giant Bosch opened a new semiconductor factory in Dresden, Germany this week.
(Finish)