The price expectations in Germany increased to 17.8 points in July 2024, up from 16.1 points in June, according to the latest data by the ifo Institute. The rise in price expectations was particularly notable in the manufacturing sector, where more companies intend to raise their prices compared to the previous month.

The manufacturing sector saw its price expectations climb to 7.3 points in July, up from 6.6 points in June.

However, consumer-related businesses are less inclined to increase their prices. In the retail sector, excluding food, the price expectations dropped slightly to 22.7 points in July from 23.3 points in June 2024, as per ifo.

Fibre2Fashion News Desk (DP)