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German Retailers See Supply Issues Ease In Jan

GERMAN DATA
MNI (London)
  • Germany's retailers saw a 'considerable easing' of supply chain issues in January, although more than half still saw delays in goods ordered, a survey published Wednesday by the Munich-based Ifo Institute showed.
  • “With the end of the Christmas season, the pressure has abated somewhat,” Klaus Wohlrabe, Head of Surveys at ifo, said, although he acknowledged ongoing shortages.
  • Although easing, 57.1% of retailers said not all orders for the month were delivered. That was down sharply on the 81.6% who reported significant delays in December. goods they ordered. In December, the figure was 81.6 percent. The situation in supermarkets has perhaps seen the best improvement, with only 18.4% reporting bottlenecks, down from 64.4% in December.
  • The ECB meets Thursday with elevated price pressures still in place across the eurozone, in part a reflection of supply chain problems. Any signs on an easing in logistics and stock levels will be a welcome relief for policymakers as they gather.

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