Price expectations rise among German companies in April

30 Apr '24

1 min read

Price expectations rise among German companies in April

Pic: Adobe Stock

Insights

In April 2024, Germany's ifo price expectations index increased slightly to 15.1 points from 14.3, indicating more companies plan to raise prices.
The country's consumer sectors saw a notable jump to 25.8 points, while manufacturing dipped to 6 points.
According to the ifo Institute, inflation is expected to stabilize at just over 2 per cent.

In Germany, more companies are planning to increase their prices this April, as reflected by a slight uptick in the ifo price expectations index. According to the latest data, the index rose to 15.1 points in April from 14.3 points in March, indicating a modest but noticeable increase in pricing intentions across various sectors.

“Inflation is unlikely to fall any further in the coming months and is set to remain at just over 2 per cent,” said Sascha Mohrle, economic expert at the ifo Institute.

Significantly, consumer-related industries saw a more substantial rise in price expectations, with the index climbing to 25.8 points from 24.6 points the previous month.

Conversely, the manufacturing sector showed a slight decline in price expectations, with the index decreasing to 6 points from 6.3 points.

Fibre2Fashion News Desk (DP)

More Textiles News - Germany...