A glance at the composition of demand shows why
investment in equipment has been so weak since 2008.
Trending shows the growth in corporate sales and
the contributions of the state, private households and
State and household demand together make
up domestic demand.
In particular since 2002, exports have become the
dominant source of growth in German corporate sales,
while the domestic sectors contributed little. During the
1990s the distribution of demand was still more balanced
between domestic and foreign.