Wholesaling: Declining scepticism

The business climate in the wholesale trade improved again in July. In comparison to June, the firms were less often dissatisfied with the business situation. In individual cases too high inventories have been reduced. The scepticism with regard to future developments continued to weaken. In light of the less negative business outlook, the survey participants have upped their order plans, which, however, are still lower than one year ago. Restrictions are also evident in their employment plans. Prices are expected to increase in the coming months, in the opinion of the wholesalers.