GABO: German Companies Grow with Rising Demand

12/08/2014

98 percent of German subsidiaries are expecting revenue growth for their businesses in 2015. In the wake of recent large scale acquisitions by large companies such as Siemens and SAP, the German Mittelstand is also increasing its strategic focus on the U.S. This is the result of the annual business survey of the German American Chambers of Commerce and the Representative of German Industry & Trade.

But 65 percent of German companies struggle to fill job vacancies - up from 49 percent last year. Consequently, investment in education and training tops the reform agenda of German companies. The German American Chambers of Commerce are currently pursuing the expansion of German-style dual education programs for vocational training throughout the United States, especially in conjunction with advanced manufacturing firms.

The Transatlantic Trade and Investment Partnership (TTIP) is gaining momentum, with 69 percent of German companies seeing TTIP as an important measure, in comparison to just over 50 percent last year. Firms are hoping to see an elimination of tariffs and better regulatory cooperation.  All results can be found here: http://www.ahk-usa.com/gabo