Retailing: Business Expectations Turn Cautious

The business climate indicator for retailing edged downwards in February, but remained at a high level. This was due to the slightly less optimistic mood in food and beverages retailing. Both exceptionally positive assessments of the current business situation and expectations were clearly scaled back by retailers. In view of slightly lower pressure due to inventories, retailers were a little keener to place new orders. They also plan to recruit more staff, albeit on a smaller scale than in previous months. According to the results of the ifo Business Survey, sales prices will continue to follow an upward trend in the months ahead.