European demand for African hardwood remains quiet, with orders in northern European markets similar to last year and demand very weak in southern Europe. However, low demand is balanced by restricted supply.
Continue reading “Low European Demand for African Hardwood Balanced by Limited Supply – ITTO European Market Report 30th May 2013”EU Construction Activity Continues to Fall – ITTO European Market Report 15th May 2013
For the last 5 years, the Eurostat construction production index for both the EU27 and euro-area group of countries has fallen consistently, with only an occasional short-lived reversal (see figure 1 below). In the first quarter of this year, EU-27 construction activity reached new lows. The index during the January-March 2013 period was down 5.2% compared to the same quarter in 2012, and down 2.8% compared to the previous quarter.
Continue reading “EU Construction Activity Continues to Fall – ITTO European Market Report 15th May 2013”