German retail sentiment sees notable uptick in May: ifo
Germany's retail sentiment improved in May as the ifo index rose to -18.6 from -25.8 in April, with better assessments of current conditions and future outlook. Clothing retailers remained more pessimistic. Price pressures eased, with fewer hikes in April and restrained plans ahead. ifo's Hí¶ppner noted improved mood despite concerns over US trade policy.
However, clothing retailers continued to view their business climate more negatively than the retail sector overall. Price pressure in the industry has eased somewhat. In April, retailers raised prices less frequently than in the previous month, and they now appear more restrained in their plans for future price increases.
'Retailers are still dissatisfied with their economic situation, but their mood has improved considerably. For the time being, they assume that the economic risks posed by current US foreign trade policy will not weigh significantly on consumer sentiment,' ifo expert Patrick Höppner said in a release.
Fibre2Fashion News Desk (HU)
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