The Conference Board CCI Index declined in May to a reading of 102.3 (1985=100), down from an upwardly revised April reading of 103.7. The Present Situation Index decreased to a reading of 148.6, down from April’s reading of 151.8.
Wood Markets News
Russian Timber Exports Continued to Decline in Q1 2023
Foreign sales of Russian timber have continued to decline in the first quarter of 2023, dropping by over 20 percent […]
Out of Control Wildfire Northwest of Halifax Nova Scotia has Caused the Evacuation of Thousands of Residents
The Canadian Broadcasting Company (CBC) reported on Monday (5-29-23), that a wildfire is still burning out of control northwest of […]
Ontario Announces Creation of the Forest Biomass Program
With a goal of strengthening the economy and promoting innovation in the forest sector, the Ontario Provincial Government announced on […]
Town of Fuengirola, Spain Unveils its Plan for a New Indoor Environmentally Friendly Marketplace
Fuengirola, a town on the Costa del Sol in southern Spain, has just put out to bid the construction of […]
UPM Fibers Preparing for Temporary Production Adjustments at the Kaukas Pulp and Sawmill and Wood Reception Facility
On Monday (5-29-23), Finnish forest industry company UPM-Kymmene Oyj, announced that its UPM Fibers business area began consultation with employee […]
Maine’s Robbins Lumber Co. Announces Purchase of Two Pleasant River Lumber Co. Sawmills
Bangor, Maine’s WABI News is reporting that Robbins Lumber Company, a family-owned lumber sawmill company with sawmill facilities located in Searsmont and East Baldwin, is expanding.
Mortgage Rates Jump as Potential Debt Ceiling Deal Comes Into Focus
Redfin reported on Thursday that housing payments hit a new high in the week of May 22nd as mortgage rates jumped due to progress on a possible debt ceiling deal.
Oregon Department of Forestry Announces Steep Slope Harvesting Rule Changes and Mandatory Training
The Oregon Department of Forestry issued a bulletin on Friday in regard to the Forest Practice Act (FPA) rule changes that are aimed at providing regulatory certainty and to protect fish and wildlife.
Personal Income, Disposable Income, and Personal Consumption Expenditures All Up in April
Personal income (PI) increased 0.4%, in April; disposable personal income (DPI) increased 0.4%; and personal consumption expenditures (PCE) increased 0.8%.