German furniture industry to brace itself for further turnover declines in second half-year

Kitchen, upholstery and living room furniture producers record drop in orders

A further drop in incoming orders has resulted in the Verband der Deutschen Möbelindustrie (VDM), Bad Honnef, revising its turnover forecast for the full year 2023 significantly downwards. At the beginning of the year, the association had still thought it possible for industry turnover to remain on par with the leve...

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