In the above-mentioned Ernst & Young study, over 500 international decision-makers were surveyed on Europe and a further 200 managers of non-German companies were asked questions with a specific focus on Germany.
Bar Graph: Strengths of the German Business Location (2019)
© Ernst & Young 2019
Germany received many great marks for various business location factors. These include infrastructure (telecommunications and logistics), workforce qualification and the attractiveness of the domestic market. 43 percent of those surveyed predict that Germany’s attractiveness will continue to grow in the coming years.
The study further shows that Germany’s growth drivers are in the transportation and automotive industries, information and communications technology, environmental technology, the energy/utilities sector, as well as pharmaceuticals and biotechnology, respectively.. Surveyed managers expect that in the future most of the investments will go into research and development as well as in manufacturing. It is no surprise that almost two-thirds of the companies surveyed are convinced that Germany is pursuing a policy that attracts international investors.