VDM anticipates lateral shift in 2024

Short-time work arrangements at 45% of furniture manufacturers

After turnover in the German furniture industry declined by 4.3% to €17.990bn in 2023 (2022: €18.791bn), Jan Kurth, managing director of the Verband der Deutschen Möbelindustrie (VDM), Bad Honnef, is anticipating a lateral shift in 2024. In terms of units, he is expecting the level of incoming orders to be slightly ...

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