German retail sentiment sees notable uptick in May: ifo
Germany's retail sector saw a notable improvement in sentiment in May, with the ifo Business Climate Index rising to -18.6 points from -25.8 in April. Retailers reported a more favourable assessment of both their current business situation and future expectations.
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)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fibre2Fashion
15 hours ago
- Fibre2Fashion
IndianOil to build India's largest green hydrogen plant
In a landmark move to advance India's clean energy ambitions, IndianOil has finalised the Levelized Cost of Hydrogen (LCoH) for setting up a 10,000 Tonnes Per Annum Green Hydrogen Generation Unit at its Panipat Refinery & Petrochemical Complex. This marks IndianOil's entry into the green hydrogen space with India's largest-ever green hydrogen project to date. IndianOil will set up India's largest green hydrogen unit (10,000 TPA) at its Panipat refinery, aiming for completion by Dec 2027. The green hydrogen will replace fossil-based hydrogen, cutting carbon emissions. Aligned with the National Green Hydrogen Mission, the project supports IndianOil's net zero goal and marks a major step in its decarbonisation roadmap. Slated for commissioning by December 2027, the Green Hydrogen produced will replace fossil-derived Hydrogen in refinery operations, resulting in substantial reduction in Carbon emissions. The project is fully aligned with Hon'ble Prime Minister's vision for National Green Hydrogen Mission and stands as a strategic initiative under IndianOil's decarbonization roadmap. It also marks a major milestone in the company's journey towards achieving its Net Zero target, reinforcing IndianOil's leadership in India's sustainable energy future. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
Fibre2Fashion
a day ago
- Fibre2Fashion
India's port volumes rise 3.4% in FY25, outlook steady for FY26: ICRA
India's port sector recorded a 3.4 per cent year-on-year (YoY) growth in overall cargo volumes in fiscal 2025 (FY25), moderating from 7.5 per cent growth in fiscal 2024 (FY24). The increase was primarily driven by an 11 per cent surge in container volumes and a 3 per cent rise in petroleum product shipments. India's port sector saw 3.4 per cent YoY cargo growth in FY25, led by an 11 per cent rise in containers and 3 per cent in petroleum products, while coal volumes fell 3 per cent. Infrastructure push under Maritime Vision 2030 continues, with rising capex and consolidation. FY26 cargo is expected to grow 3â€'5 per cent, driven by containers and fertilisers. The trend of cargo containerisation continues to gain traction, though volumes remain vulnerable to global geopolitical tensions and container availability, ICRA said in a report. Coal cargo declined by 3 per cent YoY in FY25, as thermal power generation rose 2.8 per cent and domestic coal production increased nearly 5 per cent, reducing the need for imports, which fell by 8.6 per cent. The government continues to push infrastructure expansion in line with Maritime India Vision 2030, with significant capital expenditure planned to enhance port capacity. While project execution is set to accelerate, rapid capacity addition may create supply-demand mismatches in certain regions, increasing competition and price pressures. Sector consolidation has also been ongoing, with larger groups acquiring smaller or standalone port operators—a trend expected to persist. Looking ahead, cargo volumes are projected to grow by 3 to 5 per cent YoY in fiscal 2026 (FY26), driven by continued strength in container and fertiliser shipments. The POL (petroleum, oil and lubricants) segment is expected to grow 2 to 4 per cent. Fibre2Fashion News Desk (HU)
Fibre2Fashion
a day ago
- Fibre2Fashion
Robust improvement in biz conditions across Indian manufacturing: S&P
HSBC purchasing managers' index (PMI) data for India for May this year indicated another robust improvement in business conditions across the manufacturing industry. Falling from 58.2 in April to 57.6 in May, the seasonally-adjusted manufacturing PMI highlighted the weakest improvement in operating conditions since February. The headline figure was, however, well above both the neutral mark of 50 and its long-run average of 54.1. PMI data for India for May indicated another robust improvement in business conditions across the manufacturing industry. Although rates of rise in new orders and output retreated to three-month lows, they remained well above their respective long-run averages. New export orders rose at one of the strongest rates in three years on favourable demand from Asia, Europe, the Middle East and the US. Although rates of increase in new orders and output retreated to three-month lows, they remained well above their respective long-run averages. Panellists suggested that demand strength continued to support sales and production, though competition, inflation and the India-Pakistan conflict had reportedly weighed on growth, a release from S&P Global Ratings, which conducted the survey said. Goods producers lifted input buying and headcounts again, with the latter experiencing a series-record upturn. Meanwhile, cost inflation climbed to a six-month high and selling prices were raised to one of the greatest extents seen in eleven and a half years. Monitored companies linked growth to healthy domestic and international demand, alongside successful marketing initiatives. The upturn was curbed by cost pressures, fierce competition and the India-Pakistan conflict. New export orders rose at one of the strongest rates recorded in three years on favourable demand from Asia, Europe, the Middle East and the United States. Positive sales developments encouraged companies to purchase additional raw materials for use. The pace of expansion was sharp and eased only marginally since April. Firms also hired additional staff in May, with the rate of job creation climbing to a new series record. Sustained job creation enabled manufacturers to stay on top of their workloads in May. Outstanding business volumes were unchanged, ending a six-month period of accumulation, and manufacturers faced another monthly increase in purchasing prices and greater outlays on freight and labour. As a result of rising operating expenses and supported by strong demand, firms increased their selling prices in May. Fibre2Fashion News Desk (DS)
