Business sentiment in German retail deteriorated in February

By: Trademagazin Date: 2024. 03. 18. 11:39

In February, the German retail industry business sentiment index of the ifo economic research institute of the University of Munich deteriorated.

Based on the results published on the website of the ifo Institute (ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München e.V.), the value of the indicator quantifying the opinion of German retail companies on the business environment fell to minus 27.6 points, the lowest since November 2022, minus 26 in January. After 6 points.
The economic environment remains a major challenge for the retail sector. Consumer reticence puts a strain on retailers’ business, said Patrick Höppner, industry expert of the ifo institute.

The indicator reflecting the perception of the current situation of German retail companies fell to minus 18.0 points in February, the lowest level since March 2021, after minus 15.2 points in January. At the same time, the business expectations of companies in the retail sector improved somewhat, the indicator rose to minus 36.7 points from the previous month’s minus 37.3 points.

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