Price expectations rise among German companies in April
30 Apr 24 1 min read
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.
“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.
Related News
- Germany’s real GDP expected to grow by 0.2% in 2024: IMF
- China’s economy projected to grow by 5% in 2024, 4.5% in 2025: IMF
- Australia’s CPI increases 3.6% in April 2024
- Vietnam’s May CPI up 0.05% MoM, 4.44% YoY: GSO
- US, EU interest rate hikes pose challenges for Asian textile exporters
- OECD’s GDP increases 0.4% QoQ in Q1 2024
Fibre2Fashion News Desk (DP)
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