40%

of entrepreneurs working in the wholesale trade sector reported a decline in sales in 3Q 2014. Companies are complaining of low demand and a collapsing range of products sold. This information is presented in a new Monitoring the Business Climate in the Wholesale Sector report by HSE ISSEK Centre for Business Tendency Studies.

The situation is being aggravated by a rise in prices, with 65% of wholesalers indicating that they had increased prices. This is partly explained by the behaviour of suppliers: 70% of companies noted an increase in the prices of goods. The greatest increase was seen in companies working with in the food, perfume and cosmetics industries, as well as in pharmaceuticals.

Source: HSE website