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Automation Technologies 3/2014

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Automation Technologies 3/2014

News and markets Facts

News and markets Facts and figures about the U.S. market The economic upturn in the U.S., which has been ongoing over the last five years, has now become discontinuous. After a positive second quarter of 2013, when a real 3.3 % growth was achieved despite a temporary paralysis of the U.S. government, the economy shrank in the first quarter of 2014. For the whole year, however, most economists expect Gross Domestic Product (GDP) to increase from 2.0 % to 2.5 %. Here are a few interesting figures: Photographs: background fotolia In 2013, German companies supplied machinery and systems to the U.S. for a value of approximately 14.6 billion euros. The U.S. economy did not run smoothly at the beginning of 2014, therefore, for this year, we expect stagnation at best. However, many machine constructors are already directly manufacturing on site at customer premises. For 2014, in this industry, a particularly large number of companies are planning to make investments abroad, one in three of these in the U.S. - far more than in other branches of the industry. With regard to imports of machinery and systems from the U.S., we expect a significant increase, albeit starting from a significantly lower amount (4.4 billion euros). Dr. Dirk Schlotböller, economy expert of the DIHK Association of German Chambers of Industry and Commerce, Berlin, Germany

News and markets Gross Domestic Product (GDP) Import 3) Gross Fixed Capital Formation Private Consumption 01 According to the majority of mid-2014 economic forecasts the real growth of the U.S. economy is expected to accelerate this year to about 2.0 to 2.5 % (2013: 1,9 %). Private consumption is expected to be the main drive, which accounts for almost 70 % of economic activity in the United States. 1) forecast; 2) according to Blue Chip Economic Indicators (BCE) of June 2014; 3) goods and servieces Source: IWF; World Economic Outlook, April 2014; BCEI, June 2014 (GDP-forecast) 02 Foreign trade of the United States in percent with major trading partners and major suppliers (Quelle: Germany Trade & Invest 2014)

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