menu-bgimg

What we can offer you

We provide detailed transactional data, cost benchmarks and in-depth analytics for participants in the wood raw materials supply chain.
  • Pricing Data
  • Benchmarks
  • Product Forecasting
  • Advisory Services
  • Analytics
Learn More

SilvaStat360 Platform

  • Price Benchmarks
  • Madison’s Lumber Reporter
  • The Beck Group’s Sawmill TQ
  • Timber Supply Analysis 
  • Global Economic Data

Explore Forest2Market's Interactive Business Intelligence Platform

Learn More

Industries

From biomass suppliers in the Baltics to pulp producers in Brazil and TIMOs in the United States, Forest2Market provides products and services for suppliers, producers and other stakeholders in the global forest products industry.

Learn More
x
 
Blog

Forestry-Related Industry Performance—October 2013

November 26, 2013
Author: Suz-Anne Kinney
Despite manufacturing industrial production posting only modest growth, more manufacturing businesses surveyed by the Institute for Supply Management (ISM) indicated their activity expanded in October than during any month since April 2011 (Figure 2). The PMI rose to 56.4 percent, an increase of 0.2 percentage point from September (50 percent is the breakpoint between contraction and expansion); expectations had been for a drop to 55.0 percent.
NMI_and_PMI.png

Most general manufacturing sub-indices were more positive than in September (Table 3); the slowing growth rates of respondents that expanded production and employment were the most notable exceptions. Both Wood and Paper Products reported overall expansion. Support was rather sparse (just employment and new export orders) in the case of Wood Products, however. For Paper Products, inventory build-ups could result in slower future expansion, especially when coupled with observations that growth in new domestic and export orders slowed in October.

Industry_Performance_October_2013.png

The service sector recouped some of September’s dramatic slowdown in growth (Figure 2), although most of the extra business activity was concentrated in employment and imports (Table 3). The NMI registered 55.4 percent (1.0 percentage point higher than in September), bucking expectations of a drop to 54.0 percent. Forward-looking indicators seem to lean toward the possibility of slower future growth, as new domestic and export orders dipped; also, more respondents consider current inventory levels to be too high.

Among the individual service industries we track, only Real Estate expanded -- and that was only because new orders grew. For Construction and Ag & Forestry, new orders were either unchanged or slowing while imports were either stable or increasing. Employment shrank in the latter two industries.

Commodities up in price included corrugated boxes. Caustic soda was down in price. Some respondents indicated paying more for gasoline and diesel, while others reported paying less.

economic outlook

Back to Blog

You May Also be Interested In

February 19, 2020
US Forest Industry Performance: January 2020
US forest industry performance in December 2019 and January 2020 was recently reported by both the US government and...
Continue Reading
February 04, 2020
Sustainable Forestry and Land Retention Study Quantifies Impact for Landowners
Clearing Land Title Generates the Greatest Economic Benefit  
Continue Reading
January 22, 2020
US Forest Industry Performance: December 2019
US forest industry performance in November and December was recently reported by both the US government and the...
Continue Reading