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Diverging trends in German wholesaling

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  • Josef Lachner

Abstract

After a two-year slump, wholesale trade expanded again in 2003; year-on-year turnover growth was 1.2%. Total turnover, excluding VAT, amounted to €573 billion. Growth in the wholesaling of producer goods increased by 1.8% whereas the growth in the wholesale trade of consumer goods was only 0.5%. For 2004 the Ifo Institute expects an accelerated turnover increase in wholesale trade in producer goods. Already in the first quarter of 2004 the firms had a year-on-year turnover increase of 4% de to increased investment in plant and equipment. Some wholesale sectors reported double-digit growth. In the wholesale trade of consumer goods the picture was completely different. In the first quarter of 2004 turnover declined by 0.2% compared to the first quarter of 2003. Because of the only moderate recovery of private consumption and the on-going structural change in retailing, the Ifo Institute expects stagnating turnover at best in 2004.

Suggested Citation

  • Josef Lachner, 2004. "Diverging trends in German wholesaling," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(11), pages 24-29, June.
    • Handle: RePEc:ces:ifosdt:v:57:y:2004:i:11:p:24-29
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    File URL: https://www.ifo.de/DocDL/ifosd_2004_11_3.pdf
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    References listed on IDEAS

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    1. Arbeitsgemeinschaft deutscher wirtschaftswissenschaftlicher Forschungsinstitute, 2004. "The State of the World Economy and the German Economy in Spring 2004," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(08), pages 03-46, April.
    2. Unknown, 2004. "Die Lage der Weltwirtschaft und der deutschen Wirtschaft im Fruhjahr 2004," Report Series 26111, Hamburg Institute of International Economics.
    3. Arbeitsgemeinschaft deutscher wirtschaftswissenschaftlicher Forschungsinstitute, 2004. "Die Lage der Weltwirtschaft und der deutschen Wirtschaft im Herbst 2004," HWWA Reports 248, Hamburg Institute of International Economics (HWWA).
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    Cited by:

    1. Manuel Birnbrich, 2004. "Großhandel: Trotz Umsatzwachstum weiterhin zurückhaltende Investitionsplanungen," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(15), pages 30-33, August.

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    More about this item

    JEL classification:

    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce

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