US Forest Industry & Manufacturing Performance Steadied in September

Forests2Market Blog
October 26, 2022
Category: Finance & Economics
Region: United States

US forest industry performance in August and September was recently reported by both the US government and the Institute for Supply Management. Total industrial production (IP) decreased 0.2% in August (+3.7% YoY). …The producer price index (PPI) fell 0.1% (+8.7% YoY) after a 0.4% decrease in July and +1.0% in June. August’s decrease in the final-demand index is attributable to a 1.2% decline in prices for final demand goods, led by a 12.7% drop in the gasoline index. In contrast, the index for final-demand services advanced 0.4%, led by margins for fuels and lubricants retailing. Price index performance in the forest products sector specifically included:

Pulp, paper & allied products: +0.8% (+14.0% YoY)
Lumber & wood products: -0.5% (+10.1% YoY)
Softwood lumber: -3.1% (+14.8% YoY)
Wood fiber: -0.6% (+4.1% YoY)

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