Due to its size and interdependence, the automotive industry in Germany has considerable importance for the overall economic development. In the course of 2018, however, the production of motor vehicles, trailers and semi-trailers decreased markedly. To coincide with the Techno Classica automobiles show taking place in Essen from 10 to 14 April 2019, the Federal Statistical Office (Destatis) reports that production in the second half of 2018 was a calendar and seasonally adjusted 7.1% lower than in the first half of the year.
In 2018, nearly 122,700 businesses were started whose legal form and number of employees suggest that they have greater economic importance. Based on an evaluation of business notifications, the Federal Statistical Office (Destatis) also reports that this was a 2.2% decline compared with 2017.
The number of small business start-ups dropped by 3.4% year on year to nearly 169,100 in 2018. In contrast to that, the number of newly established part-time businesses rose slightly by 0.6% to roughly 250,700.