ZVEI – Electrical and digital industries facing slight dip in growth

January 29, 2024
ZVEI - Germany’s Electrical Industry

  • ZVEI expects production to decline by two percent in 2024
  • Companies are planning higher investments despite geopolitical concerns
  • Right-wing extremist parties are harming Germany
     

Last year, the industry’s nominal revenues again reached a record high of 242 billion euros (+ 8%). 

Once again, the industry, which is heterogeneous in its composition, has developed inconsistently. B

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