Suz-Anne Kinney
The MarketWatch Blog is Transitioning to ResourceWise Forest Products
Forest2Market: July 14, 2023
The Institute for Supply Management manufacturing report contains the first ray of sunshine to fall on Wood Products since we first started tracking individual industry performance back in September 2008. Overall activity, new orders and production all increased in that industry in June (see Table). The Federal Reserve’s industrial production and capacity utilization reports for June confirm this pickup in Wood Products activity. Production improved by 1.8 percent, and capacity utilization was up 1 percent. Year over year, production has fallen 23.8 percent.
Although new orders and production increased for Paper Products as well, those improvements were apparently insufficient to boost overall activity. The Federal Reserve’s report indicates that production was down 0.4 percent and that capacity utilization fell by 0.5 percent. Year over year, production is down 11.1 percent.
Performance Overview of Wood and Paper Products
Source: Institute for Supply Management, June 2009
Read more about the Forest2Market Economic Outlook.
