German Machine Production Driving Global Growth

BERLIN, June 21, 2011 /PRNewswire/ –

Machine building in Germany is approaching record revenue levels
achieved before the crisis. This boom is driven largely by exports to places
like China and the USA. Demand for machinery in the US is up 70% year over
year, and China’s growth remains high but is leveling out, especially for
carmakers. Germany Trade & Invest has this information and more in a number
of new publications on machinery and equipment developments worldwide.

“German mechanical engineering enjoys a global reputation for quality
and precision. This manifests itself in the strong performance of Germany’s
machinery and equipment players, which supply manufacturing industries
worldwide,” said Marko Kolbe, machinery expert at Germany Trade & Invest in
Berlin.

In the first three months of 2011, machinery and equipment production in
Germany grew by 17.5%. Revenue for 2011 is currently projected at 265
billion dollars, confirming Germany’s position as the top European location
for this industry. A fifth of world trade in mechanical engineering points
back to Germany. Currently the industry is focusing on flexibility and
innovation to increase its comparative advantage in the face of strong
international competition.

To read more on Germany’s machinery and equipment industry, Germany
Trade & Invest’s latest publication is available online at (
http://www.gtai.com/german-mechanical-engineers/). For information about
how other countries stack up against Germany, new analyses of the machinery
sectors in the USA, China, Turkey, and Russia are available at

http://www.gtai.de.

Germany Trade & Invest is the foreign trade and inward investment
promotion agency of the Federal Republic of Germany. The organization
advises foreign companies looking to expand their business activities in the
German market. It provides information on foreign trade to German companies
that seek to enter foreign markets.

        Germany Trade & Invest
        Andreas Bilfinger
        Email: andreas.bilfinger@gtai.com
        T: +49(0)30-200099-173
        F: +49(0)30-200099-511

SOURCE Germany Trade and Invest