Furnitures in Germany: Vdm forecasts

During the half-year press conference, Dirk Uwe Klaas, president of Vdm, the association of German furniture manufacturers, referred about German market situation on furnitures. Thanks overall to exports, in the first half of the year the market trend has been positive. The situation will getting worse in the second half of the year so it is foreseen, on annual basis, an increase of 2.5 percent compared to last year.
The slow-down is due to internal market dynamics, but also to a slight slow-down on demands from East European countries.