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The Joint Research Centre (JRC) is the European Commission's science and knowledge service which employs scientists to carry out research in order to provide independent scientific advice and support to EU policy.
The 2016 EU Industrial R&D Investment Scoreboard, published on 1 December by the European Commission, shows that EU companies invested €188.3bn in Research & Development (R&D) in the fiscal year 2015/2016. This constitutes an annual increase of 7.5% which puts EU companies ahead of the global (6.6%) and US (5.9%) trends.
Global industrial R&D investment reached €696bn worldwide, with sectors such as software, IT, pharmaceuticals and automobiles fostering R&D investments and sales. Overall sales, however, declined 3.6% worldwide, mostly due to the performance of low-tech sectors, particularly oil and mining, which suffered from low commodity prices.
Thirty EU companies are among the world's top 100 R&D investors, mainly in the fields of automobiles, pharmaceuticals and biotechnology, ICT, and aerospace and defence. The top investors are based in Germany (€69.8bn), France (€28.5bn), the UK (€28.2bn) and the Netherlands (€14.1bn).
Asian companies showed the highest increases in R&D, especially those based in China (up by 24.7% to €49.8bn), although their sales decreased as well. Globally, the software sector showed the highest year-on-year growth in R&D, of 12.3%, followed by pharma (9.8%), IT hardware (7.6%) and automobiles (6.7%).
The EU Industrial R&D Investment Scoreboard is accompanied by a survey of the 1000 top R&D investors based in the EU. It shows that R&D investments are expected to fall in the coming years in the automobiles and parts sector (-0.8%) while growth of 7 to 8% is expected in high-tech sectors, specifically in healthcare, pharmaceuticals and technology hardware.
The EU Industrial R&D Investment Scoreboard, published annually by the European Commission (DG Research & Innovation and the Joint Research Centre) collects companies' key R&D and economic indicators. The 2016 edition reviews the performance of the top 2500 R&D investing companies in the world, which account for around 90% of the total R&D financed by business. A focus on the top 1000 R&D investors in the EU is also included. The Scoreboard is accompanied by the 2016 EU Survey on Industrial R&D Investment Trends.