FRANKFURT, GERMANY – In December, German electronics company revenues increased 5.8% year-over-year to $21.2 billion, says ZVEI.
Domestic sales ($10.2 billion) and foreign sales ($11 billion) grew at the same rate. Eurozone client revenues increased 10.2% to $3.9 billion in December, while revenues from third country partners were up 3.7% to $7.1 billion.
For 2017, sales increased 7.2% to a record $233.8 billion.
The industry is expected to rise to nearly $240 billion in 2018.