TTJ Highlights Challenges of EUTR and Weak Economy – ITTO European Market Report 30th September 2013

The TTJ has published a “Special Focus” on the UK and wider European market for tropical hardwoods. The Editorial highlights challenges for the tropical wood industry in the region, noting underlying weakness of the European economy and commenting that hardwood is “generally the last timber to benefit from an upturn”.

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Early Signs of Economic Improvement in Europe – ITTO European Market Report 15th September 2013

There are early signs that the EU may be at last emerging from recession. The 27 countries’ combined gross domestic product grew 0.4 per cent in the second quarter compared to the previous three-month period, when it shrank 0.1 per cent, according to Eurostat (Chart A). A rise in household spending underpinned the economic momentum in many countries. There are also signs of increased business optimism and higher manufacturing output.

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