July 13, 2020
German furniture industry expects a 10% drop in sales for 2020
The German furniture industry has so far come through the corona crisis robustly compared to other economic sectors. “The industry expects sales to decline by a maximum of 10% for 2020 as a whole. This means that the losses will in all likelihood be manageable and will be less for companies than feared at the beginning of the crisis,” Jan Kurth, managing director of the Association of the German Furniture Industry (VDM), reported. This assessment is supported by a current study commissioned by the VDM together with the Arbeitsgemeinschaft Die Moderne K ...
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