enterprises in Germany regarding Brexit

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Initial assesment of

mechanical enigneering

enterprises in Germany

regarding Brexit

July 2016

VDMA | Anke Uhlig


Which developments do you foresee for exports to Great

Britain for your company following Britain's withdrawal from

the EU?

In percent

In the negotiation phase (up to 2 years)

lower

exports

28%

higher

exports

2%

In the medium term (after 2 years)

higher

exports

2%

lower

exports

51%

exports

remain

stable

47%

exports

remain

stable

70%

Balance: -26 percent

Balance: -48 percent

Initial assessment of 691 mechanical engineering companies in Germany

within a DIHK-questionnaire done immidiately after the UK Brexit decision. Source: DIHK (July 2016)

VDMA | Anke Uhlig Page 2 | 8/2/2016


Which developments do you foresee for imports from Great

Britain for your company following Britain's withdrawal from

the EU?

In percent

In the negotiation phase (up to 2 years)

lower

imports

26%

higher

imports

3%

In the medium term (after 2 years)

higher

imports

4%

imports

remain

stable

71%

lower

imports

46%

imports

remain

stable

50%

Balance: -23 percent

Balance: -43 percent

Initial assessment of 691 mechanical engineering companies in Germany

within a DIHK-questionnaire done immidiately after the UK Brexit decision. Source: DIHK (July 2016)

VDMA | Anke Uhlig Page 3 | 8/2/2016


Are you planning to change your company's investment

expenditure following Britain's withdrawal from the EU?

In percent

in Germany

in the UK

lower

spending

5%

higher

spending

2%

lower

spending

27%

higher

spending

3%

spending

remain

stable

93%

spending

remain

stable

70%

Balance: -3 percent

Balance: -24 percent

Initial assessment of 691 mechanical engineering companies in Germany

within a DIHK-questionnaire done immidiately after the UK Brexit decision. Source: DIHK (July 2016)

VDMA | Anke Uhlig Page 4 | 8/2/2016


Are you planning to change your company's employment

figures following Britain's withdrawal from the EU?

In percent

lower

number of

employees

2%

in Germany

higher

number of

employees

1%

lower

number of

employees

16%

in the UK

same

number of

employees

97%

same

number of

employees

84%

Balance: -1 percent

Balance: -16 percent

Initial assessment of 691 mechanical engineering companies in Germany

within a DIHK-questionnaire done immidiately after the UK Brexit decision. Source: DIHK (July 2016)

VDMA | Anke Uhlig Page 5 | 8/2/2016


Where do you see risks of UK's exit from the EU?

Shares in percent (multiple response possible)

Increase of non-tariff barriers

79%

Increase of tariff barriers

72%

Pound Sterling devaluation, exchange rate risks

69%

Political and legal uncertainty

64%

Slowdown in British economic growth for several years

62%

Barriers to perform services in the UK

47%

Slowdown in economic growth in the EU for several years

18%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90%

Initial assessment of 691 mechanical engineering companies in Germany

within a DIHK-questionnaire done immidiately after the UK Brexit decision. Source: DIHK (July 2016)

VDMA | Anke Uhlig Page 6 | 8/2/2016


Your contact.

Anke Uhlig

VDMA Economic and Statistic Affairs

Lyoner Str. 18

60528 Frankfurt

Phone +49 69 6603-1388

E-Mail anke.uhlig@vdma.org

Results of Brexit survey

VDMA | Anke Uhlig Page 7 | 8/2/2016

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