Steady Pace in US Forest Industry Manufacturing with Slight Decline

Forest2Market Blog
December 28, 2022
Category: Finance & Economics
Region: United States

Total industrial production only dropped slightly by 0.1% in October. Despite this drop, the year-over-year reflects a +3.3% increase from 2021. …The consumer price index (CPI) rose 0.4% in October (+7.7% year-over-year), the same month-over-month increase as in September. …Meanwhile, the producer price index (PPI) increased 0.2% in October (+8.0% year-over-year) after rising +0.2% in September and remaining unchanged in August. …Specific data relative to the forest products sector was reported as follows:

  • Pulp, paper & allied products: -0.4% (+10.2% year-over-year)
  • Lumber & wood products: -1.9% (+6.2% year-over-year)
  • Softwood lumber: -1.8% (+4.4% year-over-year)
  • Wood fiber: -0.4% (+4.1% year-over-year)

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