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Timber industry expects a deterioration

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Timber industry expects a deterioration


Timber industry expects a deterioration
Companies involved in the German timber industry expect business development to slacken off considerably in the coming months. This is based on the results of the most recent survey conducted by the IFO Institute and published by the German Wood and Plastics Processing Industry Association (HDH). Although companies which participated in the survey assessed the business climate as predominantly good with only a slight deterioration from the value of 37 points recorded in July to 32 points in August, business expectations, nevertheless, dropped significantly.

Whereas in July companies had still been predominantly optimistic about the future with 22 points being recorded, in August a value of only 4 points was achieved. In 2014 the discrepancy between the assessment of the current situation and further prospects was less significant. The value for the business climate in August 2014 was 18 points and business expectations were recorded at 5 points.


Source: www.euwid-wood-products.com
February 4, 2016