The UK’s decision to leave the EU – so-called “Brexit” – by a narrow majority of 52% to 48% in a referendum on 23 June is already being felt in currency markets and stock exchanges around the world. The short term economic effects are already evident – a slowdown in growth, certainly in the UK which might even dip back into recession, and also in the wider EU economy.
Continue reading “Far-Reaching Implications of Brexit Decision – ITTO European Market Report 29th June 2016”EU Veneer Market Showing Signs of Recovery – ITTO European Market Report 14th June 2016
Preliminary analysis of Eurostat data indicates that the European veneer market, which was in decline between 2010 and 2014, staged a partial recovery in 2015. Total EU veneer consumption increased by 9% from 1.47 million m3 in 2014 to 1.60 million m3 in 2015. This rise was driven both by a 7% rise in domestic production, from 1.17 million m3 to 1.25 million m3, and a 12% rise in imports from 448,000 m3 to 500,000 m3 (Chart 1).
Continue reading “EU Veneer Market Showing Signs of Recovery – ITTO European Market Report 14th June 2016”