German industry puts EUR 57 bn into R&D

As the Founders’ Association has reported, German industry invested more in R&D in the year 2014 than ever before.

Companies spent a total of EUR 57 bn in order to research in their relevant departments and develop new products and services. This is 6.4% more than in the prior year.

The vehicle industry is way out in front when it comes to research expenditure, having put just under EUR 20 bn into internal research, EUR 2.6 bn more than in 2013.

But the electrical industry, machine building and the chemical industry have also set aside more money for research.

The percentage of the gross domestic product spent on research and development stood at 2.87% in the year 2014, and although the federal Government’s three per cent target was narrowly missed, the trend is positive, however.