>>
Home / Knowledge / News / Apparel/Garments / German consumers spend high to avoid VAT

German consumers spend high to avoid VAT

08
Sep '06
Germany's GfK consumer sentiment indicator jumped above expectations for August from an upwardly revised July. However, by September the forecast value was only marginally more positive. It appears positive consumer sentiment in Germany may have now reached its peak.

As with other parts of continental Europe, recent increased spending has been attributed to consumers' efforts to avoid the 3% increase in the Value Added Tax (VAT) due in January 2007. Regardless, July retail sales still reversed the upward trend seen in June.

The key sales period for wool apparel is generally between September and December. Given the negative effect of the record high temperatures in July we may see a shift to a more solid increase in purchases during the peak buying season, although it is expected to drop off during January from the introduction of the VAT rise.

Consumers are concerned that they will have less money to spend after the increased VAT. This is also coupled with higher oil prices and the likelihood of increased interest rates over the next few weeks.

Australian Wool Innovation Limited


Must ReadView All

Pic: Anton_Ivanov / Shutterstock.com

Retail | On 27th Jan 2022

UK retail sales volumes fall at fastest rate in 11 months in Dec 2021

UK retail sales volumes fell by 3.7 per cent in December 2021, the...

Pic: Shutterstock

Textiles | On 27th Jan 2022

New train route links China’s Suzhou city to Milan in Italy

A new China-Europe freight train route has been started between...

Pic: Shutterstock

Apparel/Garments | On 27th Jan 2022

UN-WTO report underrates Bangladesh's RMG industry progress: BGMEA

The recent United Nations-World Trade Organisation joint report has...

Interviews View All

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Rajesh Vohra,

Rajesh Vohra

A part of the Italy based multinational company Artsana Group, Chicco is...

Mohammad Ali Khokon,

Mohammad Ali Khokon

<div>The Bangladesh Textile Mills Association (BTMA) is the national trade ...

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Serkan Gogus, Mogul Nonwovens

Serkan Gogus
Mogul Nonwovens

Mogul is a global player ranked among the top 40 nonwoven producers in the ...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Rocky Star, Label - Rocky Star

Rocky Star
Label - Rocky Star

<b>Rocky Star,</b> an Indian designer known for his inspiration from the...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Sainsbury's Argos Asia Limited
Lisa S.P.A.
Tory Burch Hong Kong Ltd
Calvin Klein
Under Armour Global Sourcing Ltd
IKEA of Sweden AB
Arvind Limited
Chori Company Limited
Gap International Sourcing Limited
LC Waikiki
Amazon China
Hirdaramani International Export Private Limited
Permoda(Koaj/Armi/Pronto/Bkul)
Page Industries Limited (Bangalore)
NITI Aayog
Varner AS Retail
MAS Active / MAS Kreeda / MAS Bodyline
Boardriders Asia Sourcing Limited
Recron Polyester from Reliance Industries Limited
Helly Hansen Far East Ltd
PVH Corporation
H;&M Hennes ;& Mauritz (Far East) Ltd
Maceton Limited
Restoque S.A.
Truetzschler India Private Limited
Vardhman Textile Ltd
Green Fibre
Seasalt Limited
The LYCRA Company Singapore  Pte. Ltd
Gatsby Africa
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Hela Clothing Pvt Ltd
Splash
Groz-Beckert East Asia LLP
Esprit Europe Services GmbH
Tommy Hilfiger
Asos
Grasim Industries Limited
Puma
Eastman Chemical Company
Midas Clothing Limited
Rayonese Textile Inc., Division de Culp Inc.
Alison Hayes Romania
The Top Form Brassiere Manufacturing Company Limited
Tchibo GmbH
C;&A Sourcing International Ltd
International Textile Manufacturers Federation
Abit
Aquarelle Clothing Limited
Benetton Group
Bluestem Global Sourcing Limited
Sateri (Jiujiang) Fiber Co.,Ltd
KIABI
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Sportmaster Ltd.
OVS Hong Kong Sourcing Ltd.
IDH – The Sustainable Trade Initiative
Lifestyle
John Varvatos
Vianney Textil Hogar S.A. De C.V.
THE BOMBAY DYEING ;& MFG.CO. LTD
Etam Group Strategy Hong Kong Limited
Guess Europe Sagl,
Rosset ;& Cia Limited
J ;& P Coats
SYNERGIES HONG KONG LIMITED
TESCO INTERNATIONAL SOURCING LIMITED
Lululemon Athletica Inc
Decathlon
Target Corporation (MN)
BIANCA
Alix Partners
Babyshop
Reiter India Private Limited
G-Star Raw C.V.
Huntsman (Singapore) Pte Ltd
Gloria Jeans
Aramark Uniform ;& Career Apparel, LLC
Desigual - ABASIC, S.A.
Walmart
Sportswear Company Spa
Chico’ FAS
Phong Phu international JSC (PPJ)
Brandix Lanka Limited
KAS Direct Sourcing
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
SHAHI Exports Pvt Ltd
Cat Tuong Real Estate Group Joint Stock Company
Lacoste (Wanchai)
BIMBA ;& LOLA SL

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search