German Economy Driving European Growth in Business Services
BERLIN and AMSTERDAM, May 13, 2012 /PRNewswire/ –
The global market for business services dropped over 20 percent year over year in the
first quarter of 2012, but German-speaking markets still grew slightly, according to
industry reports. Germany is a key destination for localized service providers seeking
well-trained, multilingual staff.
“Germany’s economy is performing well despite uncertainty in Europe. Companies are
looking to us as a safe haven for their investments,” said Dr. Josefine Dutschmann,
business services expert at Germany Trade & Invest in Berlin.
Germany’s key industries, machinery and equipment or automotive manufacturing, are
demand drivers for business services. Analyzed by sector, contract values for
manufacturing in the EMEA region increased significantly in the previous quarter.
Germany’s massive Mittelstand, its core of small and medium enterprises, are increasingly
seeking onshore services to streamline business processes. This opens new windows of
opportunity for investors to serve clients in Germany.
“Germany has the largest language market in the EU and business conditions are
excellent. Our dual education system sets Germany apart. Well-trained, loyal employees can
be found at competitive costs, ultimately reducing costs to providers,” continued
In the business services sector, labor turnover rates are only five to ten percent,
lower than in many other European markets.
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: firstname.lastname@example.org T: +49(0)30-200099-173 F: +49(0)30-200099-511 http://www.gtai.com http://twitter.com/gtai_com http://youtube.com/gtai http://www.linkedin.com/company/germany-trade-&-invest
SOURCE Germany Trade and Invest