Audi 2006 Annual Report Download - page 143
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1 4 1
Development in overall energy consumption, vehicle and engine production by the Audi Group 1)
1,600
1,200
800
400
0
2,000
2,400
Vehicle production 2)
(‘000 units)
Engine production
(‘000 units)
2004
745
1,486
2,114
2005
765
1,695
2,139
2006
826
1,896
2,156
Overall energy consumption
(GWh)
2003
732
1,343
2,070
1) Ingolstadt, Neckarsulm, Győr and Sant’Agata Bolognese plants
2) excluding Audi A4 Cabriolet, RS 4 Cabriolet, Audi Q7 and aspects of the A3 production
Global economic situation
The global economy maintained its dynamic growth in 2006. The upswing was broad-based,
because, in addition to the continued expansion of national economies in Asia and the USA,
Western European countries enjoyed substantial economic growth. The global upturn was
held back by rising interest rates and persistently high raw materials prices. The further rise
in the price of oil in the course of the year nevertheless did not hold back the economy to
the same extent as in previous periods.
The economy in the USA cooled down slightly after a very lively start to the year. Higher
interest rates, rising petrol prices and the marked weakening of the real estate sector un-
dermined private demand. With overall growth for the year running at 3.4 (3.2) percent,
economic output was, however, up on the prior-year level.
In Western Europe, economic development was vigorous compared with the previous
year. The eurozone experienced growth of 2.6 (1.4) percent, and the United Kingdom
2.7 (1.9) percent. This positive development in Western European countries was due, on
the one hand, to higher exports and, on the other hand, to increased domestic demand,
which played a key role in stimulating corporate investment. There was, moreover, mild
growth in consumer spending, thanks to the improved health of the labour market. The
sharp economic upswing in Central and Eastern Europe continued.
The German economy enjoyed its highest growth rate for six years in 2006, at 2.5 (0.9)
percent. The key factor here, apart from exports, was increased domestic demand for capital
goods. Private consumption, on the other hand, rose only moderately. The improved situa-
tion on the labour market was offset by the stronger upward trend in prices above all for
energy, eroding households’ real incomes.
Underlying economic
situation