Head-Image

News

Annual report 2017 on industrial activity in Bavaria: “Bavarian industry remains on path of success”, says Economic Affairs Minister Ilse Aigner

11.08.2017



(c) invest-in-bavaria.com

MUNICH | The Minister of Economic Affairs of the State of Bavaria, Ms. Ilse Aigner, unveils the annual report 2017 on industrial activity in Bavaria.

“Bavarian industry remains on its path of success and can still be seen as the power house of our regional economy. Companies, employees and sales – everywhere, the numbers are growing. With yet another hike of the average gross salary to now 50,500 euros, we can safely say that our companies’ success benefits the workers.”

With an employment increase of 2.1% and sales enhanced by 2%, Bavaria is well above the German-wide average (sales +0.6%, employment +0.8%).

“The already good numbers of 2015 were topped again. In 2016, more than 1.27 million employees worked in 7,500 industrial companies – that’s one in five workers, Bavaria-wide”, Minister Aigern remarked.

The development of employment rates was positive in all regional districts: +6.5% in Upper Palatinate, +3.5% in Middle Franconia, +3.0% in Lower Franconia and +2.6% in Upper Franconia – these are districts where sales enhanced above average.

Bavarian exports remain stable in annual comparison, yet in absolute numbers they grew by 3.8 bn Euros. The USA remained Bavaria’s first export market in 2016.

“In order to face the protectionist tendencies we see rising in the USA, and the Brexit consequences, which are hard to predict at this stage, we will continue to support our industrial companies – especially SMEs – in their research of new markets,” Minister Aigner declared.

In 2016, global orders grew by 4%. A sales growth of 4% and a global order growth of 5% in this first half of 2017 promise a remarkable outlook for 2017.

“Quality sells. That’s why I’m very confident as what future developments will bring. The Bavarian industry has been posting outstanding numbers for years, and we will continue to support it with adequate general support programs.”

Source StMWi