Despite the upcoming holiday season, German retailers expect subdued demand, with orders up by just 1.9 per cent year-over-year, per Setlog.
Forecast nominal sales growth for 2024 is 1.3 per cent, effectively zero in real terms.
Rising freight costs and strong competition from Chinese e-commerce giants are concerns.
Asia remains crucial for production despite rising costs.
Forecast nominal sales growth for 2024 is 1.3 per cent, effectively zero in real terms.
Rising freight costs and strong competition from Chinese e-commerce giants are concerns.
Asia remains crucial for production despite rising costs.
