💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

German retailers report fewer supply bottlenecks in January - Ifo

Published 02/02/2022, 01:59 AM
Updated 02/02/2022, 02:01 AM
© Reuters. FILE PHOTO: Aerial view of a container terminal in the port of Hamburg, Germany November 14, 2019. REUTERS/Fabian Bimmer/File Photo

BERLIN (Reuters) - The delivery bottlenecks that have been plaguing German retailers eased significantly in January, an Ifo institute survey showed, with 57.1% of shops saying they had failed to deliver all goods ordered, down from 81.6% in December.

Retailers have been among the worst affected by the supply chain hiccups that have afflicted the global economy as it struggles to recover from the coronavirus pandemic.

© Reuters. FILE PHOTO: Aerial view of a container terminal in the port of Hamburg, Germany November 14, 2019. REUTERS/Fabian Bimmer/File Photo

Problems remained severe in building supply stores, where 94% had failed to make all deliveries, and in car retail, where 84% of showrooms reported the same.

"There's slightly less pressure after the Christmas rush," said Ifo head Klaus Wohlrabe. "But many retailers are still failing to fulfill every customer need."

 

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.