Suz-Anne Kinney
The MarketWatch Blog is Transitioning to ResourceWise Forest Products
Forest2Market: July 14, 2023
Tepid, unemployment-induced consumer demand, higher interest rates resulting from inflation concerns, competition for capital and burgeoning foreclosures are continuing to hinder an economic recovery. Rising crude oil prices, a result of the falling U.S. dollar and renewed speculation by investors, are also an impediment. We expect the economy to follow a W-shaped trajectory, in which the recovery will be well below pre-recession levels.
Performance details for the Wood and Paper Products industries are provided in the following table. Domestic solid wood manufacturers can take some solace from customers' shrinking inventories and apparent stability in imports. Paper manufacturers are enjoying new orders and an expanding backlog of orders.
Performance Overview of Wood and Paper Products
Source: Institute for Supply Management, May 2009
Read more about the Forest2Market Economic Outlook.
