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
  • The Beck Group’s Sawmill TQ
  • Timber Supply Analysis 
  • Global Economic Data

Explore Forest2Market's Interactive Business Intelligence Platform

Learn More


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

US Forest Industry Performance: June 2019

July 18, 2019
Author: Joe Clark

US forest industry performance in May and June was recently reported by both the US government and the Institute for Supply Management.

Total industrial production (IP) rose 0.4 percent in May after falling 0.4 percent in April (originally -0.5 percent); however, the rates of change for the five previous months were again revised down on net. The indexes for manufacturing and mining gained 0.2 percent and 0.1 percent, respectively, in May; the index for utilities climbed 2.1 percent. Wood Products was one of five manufacturing industries with gains exceeding 1 percent.

“The trade war and border issues still pose high hurdles for U.S. factories but at least there was some improvement in May,” said BMO Economics’ Jennifer Lee, adding, “[T]his doesn’t change the overall picture or Fed expectations but at least it provides a little less pressure to act.”

New orders declined again in May (-0.7 percent MoM; -1.6 percent YoY). Excluding transportation (whose May downturn was concentrated in military and civilian aircraft), new orders inched up by 0.1 percent (+0.1 percent YoY). On a “real” (i.e., inflation-adjusted) basis, the recovery in new orders has regained slightly less than half of the ground given up in the Great Recession. May’s business investment spending was somewhat more encouraging, though, rising by 0.5 percent (+1.0 percent YoY).




The Institute for Supply Management’s (ISM) monthly sentiment survey showed that in June the rate of expansion in U.S. manufacturing decelerated to its slowest since September 2016. The PMI registered 51.7 percent (Figure 2), down 0.4PP from the May reading. The jump in production (+2.8PP) and drop in input prices (-5.3PP) were the most noteworthy sub-index changes. The pace of growth in the non-manufacturing sector also decelerated further (-1.8PP), to 55.1 percent. Increases in the input prices (+3.5PP) and order backlog (+3.5PP) sub-indexes were noticeable. Of the industries we track, only Wood Products and Ag & Forestry did not expand.

IHS Markit’s June survey headlines were slightly more upbeat than those of ISM. Nonetheless, “U.S. manufacturers reported business conditions to have remained the toughest for nearly a decade in June,” wrote Markit’s Chris Williamson. “The past two months have seen the lowest readings since the height of the global financial crisis in 2009.

The producer price index (PPI) also rose by a fractional 0.1 percent in May (+1.8 percent YoY), attributable to a 0.3 percent increase in the index for final demand services (mainly a 10.1 percent jump in motel rental prices). In contrast, prices for final demand goods declined 0.2 percent (especially a 1.7 percent retreat in the gasoline index).

In the forest products sector, index performance included:

  • Pulp, Paper & Allied Products fell 0.2 percent (+0.4 percent YoY)
  • Lumber & Wood Products: -0.2 percent (-4.4 percent YoY)
  • Softwood Lumber: -0.4 percent (-18.0 percent YoY)
  • Wood Fiber: -1.0 percent (-2.9 percent YoY)


economic outlook

Back to Blog

You May Also be Interested In

May 17, 2022
FRA: Legislation Introduced to Address Trucking Supply Chain
The following information was recently published by our friends at Forest Resources Association (FRA)
Continue Reading
April 21, 2022
CPI & Forest Products Sector PPI Continue to Expand
US forest industry performance in February and March was recently reported by both the US government and the Institute...
Continue Reading
April 04, 2022
Introducing ResourceWise: A Unifying Brand for Forest2Market, Fisher International, and Tecnon OrbiChem
Forest2Market, Inc., Fisher International, Inc. and Tecnon OrbiChem Ltd. are excited to introduce their unified brand, ...
Continue Reading