Second year of recession in a row for the German wood industry

Sales in the German wood industry fell by around eight percent in the period from January to November 2024. This means that another annual decline is expected for 2024 and the second year of recession in a row. According to HDH, the industry's development was negatively affected in particular by the decline in construction activity, excessive bureaucracy and consumer uncertainty. In view of the continued decline in demand for construction as a result of high construction costs, poor financing conditions and inadequate funding for new construction, the construction-related sector and the wood-based materials industry recorded the ...