At the start of spring, the mood in large parts of the German wood industry has deteriorated noticeably. According to the Main Association of the German Woodworking Industries (HDH) economic indicator determined by the Munich-based ifo Institute, things went downhill noticeably against the background of cautious expectations. The German companies rated their current business situation slightly more positively in March than in the previous month. However, pessimism increased significantly with a view to the coming months. High raw material prices, reduced purchasing power and rising construction interest burden the sector's economy. Overall, the HDH economic indicator ...
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