Most German home textile, carpet sellers plan to raise prices: Survey

However, the proportion decreased compared to the previous month.

Price expectations are high among manufacturers of clothing (83.5 points).

For the economy as a whole, the Ifo price expectations for the coming months fell to 51.5 points in October, down from 53.8 points (seasonally adjusted) in September.

“The wave of inflation has not yet broken,” said Timo Wollmershäuser, head of forecasts at Ifo in a release. “In particular, the high cost of energy hasn’t yet been fully passed on to consumers.”

At present, 7.5 per cent of German companies feel their economic survival is threatened, finds another survey by the institute.

“At the height of the pandemic, these numbers were much higher, at 21.8 per cent. In the face of a sharp economic slowdown, companies are proving to be very robust,” said Klaus Wohlrabe, head of surveys at Ifo. This proportion has risen only slightly compared to the previous survey in April, when it was 7.1 per cent.

Retail is being hit particularly hard at the moment, with 11.6 per cent of companies reporting a situation that threatens their survival (April: 6.9 per cent).

“The current rate of inflation is a major concern for retailers,” Wohlrabe said.

In manufacturing, 7 per cent of companies consider their survival threatened (April: 4.9 per cent). The situation is still difficult for many companies in the textile industry (33.6 per cent).

Fibre2Fashion News Desk (DS)