The situation among clothing retailers has eased appreciably, where only 36 per cent of retailers complained about supply bottlenecks, according to the survey.
“This easing has come at just the right time for many businesses in the trade sector,” said Klaus Wohlrabe, head of surveys at ifo. “However, there will still be gaps on shelves.”
The business climate index in Germany rose to 88.6 points in December 2022, up from 86.4 points (seasonally adjusted) in November. This is one of the reasons why German businesses entered the holiday season with a sense of hope, as per a recent finding from ifo Institute.
ALCHEMPro News Desk (DP)
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