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September 10, 2019

German wood industry slips into negative territory, after five years of steady growth

German wood industry slips into negative territory, after five years of steady growth

After five years of continuous growth, the German wood industry had to cope with a slight decline in sales in the first half of 2019 for the first time. 

"From January to June, the sales value was around € 18 billion, down 1.5% on the previous year. Against the background of the perceptible slowdown in economic growth in Germany and the increasing deterioration in the external economic conditions, we are also assuming a negative result for the full 2019 year, "said Jan Kurth, managing director of the Federation of the German Timber Industry (HDH).

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