Which sector of industry is the most innovative in Germany? A very comprehensive answer to this question has been provided in the report entitled “Innovation in the German Economy” issued by the Center for European Economic Research (Zentrum für Europäische Wirtschaftsforschung GmbH, ZEW). The current issue rewards automotive manufacturing, among others, with a good score. According to the report, the automotive industry has the highest amount of innovation in its production (48.3%). Innovation is fundamental to the automotive industry’s economic success. Additionally, the industry’s “innovation expenditure” identified by the ZEW is increasing. In 2016, this was valued at 47 billion euros and, according to estimates; it should increase to nearly 55 billion euros by the end of this year.
