The mood in the German timber industry has deteriorated noticeably. After sales declines were reported in numerous segments in the spring, the business climate has become increasingly gloomy. The main association of the German wood industry (HDH) economic indicator calculated by the Munich-based ifo Institute on the basis of company surveys fell significantly in June, by 11.5 points compared to the previous month to –36.4 points. This accelerated the downward slide that had been going on since February of this year. The decisive factor was the significantly poorer assessment of the current situation, for which the ...
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