Retail

Price hike plans dip among German firms in February 2024

01 Mar '24

1 min read

Pic: Adobe Stock

Insights

German companies are less inclined to raise prices, with ifo price expectations falling to 15 points in February 2024 from 18.8 in January 2024.
The country's consumer sectors saw a drop from 32.4 to 28.9 points, while the retail sector rose slightly to 29.8.
Manufacturing price plans slightly increased to 4.9 points from 4.3 points in February.

In a notable shift, fewer companies in Germany are planning to increase their prices, according to the latest survey from the ifo Institute. The ifo price expectations for February have seen a decrease to 15 points, down from 18.8 points in January, indicating a cooling in the inclination towards raising prices across various sectors.

The downtrend in price expectations is particularly pronounced in consumer-related sectors, where the figures dropped from 32.4 points to 28.9 points. In the retail sector, there is a slight upward movement in price expectations, from 28.8 points to 29.8 points.

The manufacturing sector presents a mixed picture, with only a small majority of companies surveyed indicating plans to hike their prices. Here, price expectations have marginally increased to 4.9 points from 4.3 points.

Fibre2Fashion News Desk (DP)

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