OECD Forecast a Very Weak Rebound from Recession – ITTO European Market Report 30th November 2010

OECD released their latest report on economic outlook across the OECD group of rich industrialised countries at a press conference in Paris on 18th November. OECD conclude that a double-dip recession is unlikely and that the economic recovery will continue. However the strength of the bounce back is now moderating and it could be several years before growth across the OECD region returns to its trend rate of about 2.5%.

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UK Tropical Sawn Lumber Demand More Upbeat Than Continental Europe – ITTO European Market Report 15th November 2010

Although some importers report that business in tropical hardwood sawn lumber has been reasonable during the autumn months, the signs are that demand remains subdued overall throughout Europe. Generally, buyers in the UK seem to be more upbeat about market demand than continental European buyers. Stock levels are low overall, a reflection both of the conservative buying practices of European importers and of relatively low forward availability. Delivery times for new orders for some African hardwood species now extend to five months or more.

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