German sawmill industry concerned over the coming months

The mood in the German wood industry deteriorated slightly in January 2024. Although companies were more satisfied with the current business situation than in the previous month, they were more pessimistic about the coming half-year. In particular, companies in the German sawmilling industry and in construction-related segments of the wood industry were concerned about the coming months given the sharp decline in demand for construction. At the same time, the declining inflation rate and rising real incomes had a positive effect on expectations in the furniture industry and the wood-based materials industry. The assessment of the ...