German sawmill industry expects significant deterioration in the business situation in the next six months

The mood in the German wood industry remained cloudy in September 2023. Although companies were somewhat more satisfied with the current business situation than in the previous month, expectations continued to deteriorate. The German wood industry was skeptical about the next six months given the collapse in construction demand, the weak consumer climate and the increasingly dwindling order backlog. There is no end to the dry spell in sight. The assessment of the current situation improved slightly in September to -22.2 points (previous month: -26.5 points). The outlook for the next 6 months, however, slipped further ...