Economic outlook - Page 1

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Latest Economic outlook Update

UK Softwood Conference to cover important updates on latest market dynamics
22 March, 2021
The UK Timber Trade Federation’s (TTF) annual Softwood Conference on March 31 will address softwood market dynamics against a backdrop of both the Covid-19 pandemic and Brexit.
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Nordic mills post strong annual results
Tuesday, March 09, 2021 Nordic forest products operations have reported strong performances, despite the disruptions caused by the global health crisis.
UK economy predicted to return to pre-Covid levels by middle of 2022
Thursday, March 04, 2021 The UK economy is forecast to return to pre-Covid levels by the middle of 2022, with growth of 7.3% next year, according to UK chancellor Rishi Sunak.
Travis Perkins posts pre-tax loss after year of unprecedented challenges
Tuesday, March 02, 2021 National merchanting group Travis Perkins (TP) has posted a group pre-tax loss of £7.7m (2019: £180.8m pre-tax profit) for the year ending December 31, 2020 after facing a year of unprecedented challenges due to the Covid-19 pandemic.
Timber users and buyers warned on stock shortages
Friday, December 11, 2020 The Timber Trade Federation (TTF) is advising all timber users and buyers to be proactive in their purchasing strategies against a background of continuing tight wood supply conditions.
TTJ webinar on Covid-19 crisis to air this Thursday
Tuesday, May 19, 2020 TTJ’s first webinar Coming out of Covid-19: Timber industry adapting for the Future will be aired on Thursday May 21 at 3pm UK time.
South European parquet markets severely hit by Covid-19 crisis
Monday, April 13, 2020 Parquet flooring markets in southern Europe have been severely impacted by the Covid-19 pandemic, according to the European Federation of the Parquet Industry (FEP).
Nordic sawmill curtailments continue
Wednesday, November 06, 2019 Nordic sawmillers have reported weaker results and curtailment of production to manage lower prices, oversupply and weakening demand amid a background of uncertain global economic conditions.
Travis Perkins delivers solid Q3, will demerge Wickes by Q2, 2020
Tuesday, October 22, 2019 Travis Perkins has delivered a “solid” Q3 performance, despite trading conditions becoming incrementally more challenging through the course of the summer as a result of the on-going market uncertainty.
International Softwood Conference hears about market deceleration
Tuesday, October 22, 2019 Market deceleration and long-term raw material challenges were key points shared at this year’s International Softwood Conference (ISC) in Antwerp.
CPA survey shows cautious next 12 months for UK construction products
Friday, October 18, 2019 Construction product manufacturers are signalling a cautious view of the next 12 months, with 11% of heavy side firms anticipating a fall in sales, according to the latest Construction Products Association (CPA) survey.
Construction sector reports reveal optimism for second quarter
Tuesday, May 07, 2019 Latest surveys from the Construction Products Association (CPA) and Federation of Master Builders (FMB) reveal a broadly optimistic picture in the construction materials and building sector.
UK construction output falls 2.7% in Q1
Monday, May 14, 2018 Office for National Statistics figures show that UK construction output decreased 2.7% in the first quarter of 2018.
BMF stats show merchants performed well in 2017
Monday, March 12, 2018 Sales figures published by the Builders Merchants Federation’s (BMF) Builders Merchants Building Index (BMBI) reveal a strong 2017 final quarter performance for the sector.
Q4 construction products sales rose for 15th straight quarter
Tuesday, January 10, 2017 Sales in the UK construction products manufacturing market continued to climb for a consecutive 15th quarter in Q4 of 2016, according to figures published in the Construction Products Association’s latest State of Trade Survey.
Housebuilding and timber sectors welcome UK government’s extra £3.7bn for housing
Wednesday, November 23, 2016 The UK government’s much-expected shot in the arm for housing – confirmed in today’s autumn statement – has been welcomed by the Federation of Master Builders (FMB) and Confederation of Timber Industries (CTI).
Majority of smaller builders yet to see any Brexit blip
Tuesday, September 06, 2016 Two thirds of SME house builders are yet to see any significant changes to their project pipelines in the wake of Brexit, new research from the Federation of Master Builders (FMB) has revealed.
Plywood drives early 2016 UK timber import growth
Thursday, May 12, 2016 A 3% growth in UK timber product imports during the first two months of 2016 was driven by a 26% increase in plywood volumes, according to the Timber Trade Federation’s (TTF) latest statistics bulletin.
New report charts growth of Scottish forestry sector
Thursday, December 03, 2015 The contribution made by Scotland’s forestry sector to the country’s economy has increased to nearly £1bn from £670m in 2008, according to a new report.
Softwood battles headwinds back to growth
Monday, November 16, 2015 The consensus at the International Softwood Conference was that the industry is still dealing with the fallout from global recession in many areas.

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