Sentiment in the German timber industry deteriorated slightly again in January, following a significant decline in the The Main Association of the German Wood Industry (HDH) business cycle indicator in the last quarter of 2025. Companies expressed less satisfaction with their current business situation but were more optimistic about the next six months. The assessment of the current situation worsened considerably in January, while the outlook for the next six months was more positive. Overall, the HDH business cycle indicator declined slightly in the reporting month. Compared to the manufacturing sector as a whole, the business climate in the ...
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