European companies invest more in R&D, but growth in the US and China is higher

European companies invest more in R&D, but growth in the US and China is higher

Companies in the European Union have increased their investment in research and development (R&D) for the ninth consecutive year. However, the rate at which this occurs remains below the global growth rate. In 2018, EU companies invested 4.7% more in R&D, compared to 10.3% in the US and 26.7% in China. This is indicated by the 2019 Industrial Research and Development Scoreboard of the European Commission (EC). Growth in Europe is driven by the automotive, health and ICT sectors. On Twitter, European Commissioner Mariya Gabriel reacts: "Good to see that EU companies are increasing their R&D investments by 4.7%, but much more is needed in the global race for technological leadership in deep technology and sustainability!”

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