Economic outlook - Page 2

Stay up to date with the latest economic outlook news in the global timber industry

NHBC records 7% growth in new home registrations
Friday, May 09, 2014 A 7% growth in new home registrations was recorded by the NHBC in the first quarter.
US housing sector starts running behind 2013
Friday, April 25, 2014 US private housing starts in March were 5.9% below levels recorded in the same month last year.
NZ exporters’ future remains shaky
Friday, April 18, 2014 New Zealand’s timber industry, which has closed more than 40 sawmills in the past decade, is likely to face more pain as a result of lower-cost Chinese mills, rising competition and a strong kiwi dollar.
Sawmiller energy tax Budget boost
Thursday, March 20, 2014 The chancellor’s Budget announcement includes new eligibility for sawmillers to benefit from a Climate Change Agreement (CCA), potentially saving the sector up to £1.5m a year.
Budget boost for annual investment allowance and housebuilding
Wednesday, March 19, 2014 A big boost to the annual investment allowance and further measures to support housebuilding were some of the standout measures in chancellor George Osborne’s Budget statement this week.
Italian woodworking machinery sector demonstrates unity for Xylexpo
Thursday, March 06, 2014 Major steps towards re-unification of the Italian woodworking technology sector have been made as the Xylexpo exhibition in Milan draws nearer, reporters were told at the official pre-event press conference.
Manufacturing capacity could restrain resurgent joinery sector
Tuesday, February 25, 2014 A recovery in UK joinery manufacturing is reaching the point where production capacity is being viewed as a constraint on business, according to a new survey on the sector.
Caution over construction hat trick
Thursday, February 20, 2014 Construction activity was up again at the end of last year, the first time in more than five years that the industry has posted three consecutive quarters of growth, the Construction Products Association said.
UK timber import “surge” continued into November
Monday, February 10, 2014 Latest Timber Trade Federation (TTF) statistics show the surge in UK timber and panel product imports last autumn continued into November.
Setra and SCA report better earnings
Wednesday, January 29, 2014 Swedish sawmillers Setra and SCA have both reported improved earnings on the back of increased volumes and prices.
Panels sector warned about additional capacity plans
Tuesday, January 28, 2014 The European wood-based panels sector risks reduced future profitability as a result of 10 million m3 of additional capacity currently being planned, consultants warn in a new report.
Housing starts growth underpins construction sector expansion
Monday, January 13, 2014 Housing starts increased by an estimated 24% last year, and further rises in 2014 and 2015 are expected to help boost growth in the wider construction industry, according to the Construction Products Association (CPA).
New home registrations up 30%
Monday, December 23, 2013 New home registrations were up 30% in the rolling quarter September to November, compared to a year ago.
Pallet sector enters unchartered waters on timber pricing
Tuesday, December 17, 2013 The UK pallet manufacturing sector is entering “unchartered waters” at the start of 2014 because of timber price inflation and competition for wood from other industry sectors and countries, TIMCON has warned.
September trade boosts import growth
Thursday, December 12, 2013 The UK’s timber and panel products import volumes for the first three quarters were 1.5% higher than the same period in 2012, thanks to a 12% increase in Q3.
European timber and panel consumption still languishing - UN
Friday, December 06, 2013 Sawn timber and wood-based panel consumption in Europe is still languishing compared to Russia and North America, according to a new UN report.
Recession costs timber frame market £1.5bn
Wednesday, November 20, 2013 An estimated £1.5bn of sales were lost by the timber frame market in the recession since 2008/09, according to a new report.
Import volume decline trend showing signs of change
Thursday, November 14, 2013 The value of UK whitewood imports in the first eight months of 2013 was 3% lower than the same period in 2012 but the negative trend may have reached a turning point, according to the Timber Trade Federation’s latest statistics bulletin.
BMF offers credit to builders
Thursday, October 31, 2013 The Builders Merchants Federation (BMF) is the first trade association to use the government’s Trade Credit Enterprise Finance Guarantee Scheme which allows independent merchants to offer higher credit limits to customers.
North American Q3 results largely positive
Thursday, October 31, 2013 The first Q3 results to be released in the North American forest product sector paint a largely positive picture of improving sales and profits, despite lumber prices falling back from the previous quarter.

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