According to the latest release of the EU's annual "R&D Scoreboard," R&D spending by 2,500 of the world's largest firms grew 6.6% in total to {EUR}696.0 billion ($773.3 billion = {EUR}0.90 = $1) in fiscal 2015/2016 (based on the company's latest available fiscal year-end report) (FY15). This is close to the previous year's 6.8% increase in R&D spending. In fact, 70% of Scoreboard companies raised R&D spending. Scoreboard companies' spending accounted for an estimated 90% of total R&D spending by businesses worldwide during the year and over 55% of total global R&D spending. Figures include the currency effects of translation of a company's financial results into euros (which depreciated against the US dollar and Japanese Yen in calendar year 2015), as well as the effects of acquisitions and divestitures.
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