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ZVEI Predicts Low Growth in Germany

thumb ZVEI CEO Klaus MittelbachKlaus Mittelbach, CEO of Germany’s ZVEI trade association, has predicted that sales of electrical goods in the country will rise 0.5% this year, to almost €174 billion.

Results from last year’s sales are still being calculated, but ZVEI is confident that growth will be positive. Sales were up 2.4% YoY between January and November, and sales of €171 billion are expected for the full year.