• Corona Virus
  • May 05, 2020 15:05

German woodworking machinery industry reaches record production in 2019; outlook uncertain

According to figures from the Federal Statistical Office, German manufacturers of woodworking machinery reached a new production record of 3.37 billion euros last year with a small plus of 0.6 percent. While declining growth rates of 14, 5 and 2 percent were achieved in the first three quarters, production in the fourth quarter was down 10 percent. This reflected the lower order activity of the previous months in Germany...... [more...]

  • Corona Virus
  • May 05, 2020 13:33

Steepest fall in European business activity ever recorded

During this period of heightened uncertainty, there is much focus on the IHS Markit Purchasing Managers Index (PMI) for early insights into the impact of COVID-19 on European market conditions...... [more...]

  • Corona Virus
  • May 04, 2020 09:08

Brazilian exports of wood-based products down 4.4% in March

In March 2020, the Brazilian exports of wood-based products (except pulp and paper) declined 4.4% in value compared to March 2019, from US$276.0 million to US$264.0 million...... [more...]

  • Corona Virus
  • April 24, 2020 11:55

Coronavirus crisis is striking hard the German economy

Sentiment at German companies is catastrophic. The Munich-based Ifo Institute's Business Climate Index crashed from 85.9 points in March to 74.3 points in April. This is the lowest value ever recorded, and never before has the index fallen so drastically...... [more...]

  • Interior
  • April 24, 2020 10:00

Surge in EU wooden furniture imports from China in 2019

EU wooden furniture imports from China, by far the largest external supplier, surged 11% to €3.46 billion in 2019, the highest level since 2010...... [more...]

Corona Virus
  • Corona Virus
  • April 21, 2020 15:21

Survey: Coronavirus pandemic causes major burden to global wood industry companies

Most wood industry businesses have to face now some serious consequences from the coronavirus pandemic, moreover the vast majority is pessimistic about the near-term outlook...... [more...]

  • Interior
  • April 21, 2020 10:43

Economic integration drives strong EU internal furniture trade in 2019

The trade data suggests that there was a real increase in EU consumption of wooden furniture in 2019. This is implied not only by rising imports from outside the region, but also by a resumption of the rising trend in internal EU trade of wooden furniture during the year...... [more...]

  • Wood Construction
  • April 20, 2020 13:12

US housing starts drop 22.3% in March

US housing starts in March were at a seasonally adjusted annual rate of 1,216,000, 22.3% below the revised February estimate of 1,564,000 but 1.4% above the March 2019 rate of 1,199,000...... [more...]

  • Interior
  • April 20, 2020 08:09

EU wooden furniture imports last year at highest level since 2007

It is ironic that in 2019, just before the market chaos created by COVID-19, the EU recorded its strongest year for wooden furniture imports since 2007...... [more...]

  • Wood energy
  • April 14, 2020 10:19

Finland's wood pellet production down by 6% in 2019

In 2019, a total of 363,000 tonnes of wood pellets were produced in Finland, down by 6% from the previous year. Imports of wood pellets into Finland reached a new record...... [more...]

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