Despite the threat from imported low priced products, the German furniture industry had a very encouraging 2015 and, as a result industry heads are looking forward to further growth, albeit moderate by some standards, that will keep this sector of the German economy pushing forward despite a challenging business environment caused by the aforementioned imports . This probably means that hard negations between suppliers of raw product for the German domestic market and German manufacturers is an ongoing one and that margins are, to say the least, tight.
Positively, growth has almost reached levels of pre-2008 when, as we are all well aware, we were plunged into a worldwide economic crisis. This is good news for the near 500 German companies employing in excess of 80,000 workers.
German tenacity and determination shines through once again.