Germany is the most innovative country in the mechanical engineering sector

This year’s Bloom­berg Inno­va­tion Index cer­ti­fies Germany’s high inno­va­tive strength in three areas:

• The num­ber of patent applications,
• High tech­no­logy clusters,
• Highly deve­lo­ped mecha­ni­cal engineering.

The last point in par­ti­cu­lar con­firms that mecha­ni­cal engi­nee­ring con­ti­nues to play a pio­nee­ring role in Ger­many. We inves­ted too in new tech­no­lo­gies and pro­ces­ses in 2019 in order to satisfy the requi­re­ments of our cus­to­mers. We will exhi­bit these as usual at the main trade shows oft he indus­try. More infor­ma­tion can be found here: www.niles-simmons.de/2020/

The com­plete article about the index can be found here

Ger­many does not exactly have a repu­ta­tion for being among the world lea­ders in digi­ti­sa­tion and inno­va­tion. This year’s result of the »Bloom­berg Inno­va­tion Index« is the­r­e­fore all the more sur­pri­sing: Every year, the busi­ness news agency lists in a com­pre­hen­sive ana­ly­sis those count­ries that distin­gu­ish them­sel­ves through their par­ti­cu­lar inno­va­tive strength

The result for the year 2019: For the first time since 2013, Ger­many replaces the six-time lea­der South Korea as the most inno­va­tive nation in the world. In third place is Sin­ga­pore, fol­lo­wed by Switz­er­land, Swe­den, Israel, Fin­land and Den­mark. The USA falls back to ninth place, one posi­tion ahead of France.

The index takes into account, among other things, expen­dit­ure on rese­arch and deve­lo­p­ment: here, the bil­li­ons spent by Ger­man auto­mo­bile manu­fac­tu­r­ers Volks­wa­gen, BMW and Daim­ler, which invest a high amount in the future fields of elec­tro­mo­bi­lity and auto­no­mous dri­ving, have a par­ti­cu­larly posi­tive effect on the gene­ral ranking.

Other cri­te­ria for the Bloom­berg Inno­va­tion Index are mecha­ni­cal engi­nee­ring capa­ci­ties, which is a clas­sic key aspect of Ger­man indus­try, and the num­ber of high-tech. In gene­ral, the top posi­tion in the ran­king con­firms that Ger­many is an excel­lent start­ing posi­tion to fur­ther the eco­no­mic per­for­mance through nnovation.

In three cate­go­ries – num­ber of patent appli­ca­ti­ons, high-tech clus­ters and highly deve­lo­ped mecha­ni­cal engi­nee­ring – Ger­many is among the lea­ders. Last year’s win­ner South Korea fell back to 29th in this cate­gory, mainly in terms of productivity.

»The Ger­man mecha­ni­cal engi­nee­ring indus­try is still extre­mely com­pe­ti­tive and has a good basis for fur­ther inno­va­tion,« says Cars­ten Brze­ski, Chief Eco­no­mist at ING. »Germany’s per­for­mance in the ana­ly­zed cate­go­ries is still very strong and much bet­ter as the most recent eco­no­mic weak­ness might sug­gest«. Nevert­hel­ess, there is no reason for Ger­many to be self-satis­fied, said Brze­ski: Ger­many is fal­ling behind other count­ries in the area of trai­ning and fur­ther edu­ca­tion, and out­side of mecha­ni­cal engi­nee­ring and the auto­mo­tive indus­try ist he inno­va­tive strength less impres­sive. In the ser­vice sec­tor, for exam­ple, there was not enough for a top posi­tion in the inno­va­tion ranking.

Source: www.manager-magazin.de