Germany’s Wholesale Sector Sentiment Drops to Pandemic Lows
- Berlin-based lobby BGA publishes bi-annual wholesale indicator
- Economic recovery ‘not in sight,’ President Dirk Jandura says
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Germany’s wholesale sector sentiment plunged at the start of the year, dampening hopes of a rapid rebound in Europe’s largest economy, according to Berlin-based lobby BGA.
Its bi-annual wholesale indicator declined by 8.2 to 69.4 points in the second half of 2023, pushing the gauge further below the threshold of 100 that separates positive and negative sentiment. The slump — one of the worst in the last 25 years — was driven by the construction sector.