Mood in the German industry further brightens, pessimism continues in the sawmill segment

In February 2023, the mood in large parts of the German timber industry improved further. The Main Association of the German Timber Industry (HDH) business cycle indicator calculated by the Munich-based Ifo Institute increased for the third month in a row. The companies assessed their current business situation noticeably more positively than in the previous month. The pessimism with regard to the coming months also eased noticeably. Although high raw material prices, reduced purchasing power and higher construction interest rates continue to weigh on the sector economy, the German timber industry is gradually working its way out ...