Study: foreign markets gaining significance

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Study: foreign markets gaining significance

Study by the Impuls-Stiftung

A study published in 2010 by the Impuls-Stiftung, a German foundation, finds that around three-quarters of German machin­ery manufacturers with sales of over ten million euros expect the foreign share of sales to increase. Over 60 percent want to expand their production outside of Germany. The signposts are pointing to South America, Russia, India and China, and to Eastern Europe as well. According to this study, two-thirds of the large mechanical engineering companies and one quarter of the smaller enterprises also want to increase the number of persons employed abroad by 2015. Thus the foreign markets are to be served not only through exports but through the greater expansion of their own resources in the target countries. Experts anticipate that the greater growth and rising productivity will generate new jobs at home as well.