German kitchen furniture industry growing slightly

May 2, 2017 | Markets | 0 comments

GERMANY – Consolidated sales achieved by the German kitchen furniture industry in the first two months of 2017 were up 0.8% to €725.2 million. 

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The decline in domestic turnover of 1.8% to €446.1 million was compensated for by improved export business that reached €279.1 million (+5.2%). Exports to the euro zone were up by the end of February by 4.7% to €211.5m. The export quota reached 38.5%.

In the month of February sales achieved by the German kitchen furniture industry declined year on year by 9.4% to €368.6 million. In contrast, January had shown growth of 14.2% to €356.6 million. According to the monthly statistics compiled by the German Kitchen Furniture Industry Association both domestic and export business contributed to the fall in revenues in February. Export turnover decreased by 7.6% to €139.0 million and therefore declined year on year for the first time since July 2015 (-5.1%). 

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