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Madison’s Forest Pulse: 1Q 2015 — Out Friday!!
THE LATEST Lumber Production and Export Data: • US sawmill products exports to China by VALUE are down by -17.5% (compared to up +20% for previous quarter), to US$189 million (FAS value), for Jan to Feb 2015. The previous year it was US$229 million. • US sawmill products imports from Canada by VALUE are up…
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US Lumber Demand, Consumption, and Sawmill Capacity Utilization
A recent article about lumber price correlation with US stock values piqued Madison’s curiosity. While there are excellent insights, the conclusion drawn in inaccurate. That is to say: the data is being interpreted incorrectly. “U.S. Stocks: Timber!” http://seekingalpha.com/article/3095836-u-s-stocks-timber “Since the outbreak of the financial crisis in the summer of 2007 and also in the years…
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Transportation Statistics : North America
The latest data, to February 2015, shows volumes of Canadian and US forestry and wood products transported as stable — if moderately improving — over last year. As subscribers to the quarterly Madison’s Forest Pulse already know, volumes and values of wood products manufactured, shipped, and transported across North America for full-year 2014 were very…
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US Industrial production and Capacity Utilization – March 2015
Industrial production in the US decreased 0.6 per cent in March after increasing 0.1 per cent in February. For 1Q 2015, industrial production declined at an annual rate of 1.0 per cent, the first quarterly decrease since 2Q 2009. The decline last quarter resulted from a drop in oil and gas well drilling and servicing…
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Philadelphia Fed Manufacturing Survey – April 2015
The Philadelphia Federal Reserve’s April Manufacturing Survey’s general business conditions index, released Thursday, turned slightly negative for the first time since December, falling 8 points to -1.2 in a sign that the growth in manufacturing had paused.
