Industries, home-market oriented industries

Industries that produce goods, i.e. goods and services, exclusively or mainly for the domestic market and for use or consumption within the country. Their share of gross domestic product in Germany was around thirty-five percent in 2013. The central bank pays particular attention to the unused capacities of these industries in its calculation of the output gap; capacity utilization there is considered an important yardstick for assessing the business cycle in the economy as a whole. Domestic market-oriented industries are generally not affected by fluctuations in the exchange rate. – See capacity utilization rate, Balassa-Samuelson effect, economy, two-part, economic indicators, important. – Cf. ECB Monthly Bulletin, May 2006, pp. 52 ff. (importance of industry indicators for business cycle analysis; numerous overviews).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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