U.S. Forest Industry Production in Fall 2018 Up Slightly, Down vs. Longer Trend
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U.S. forest industry performance in Sept. and Oct. was recently reported by both the U.S. government and the Institute for Supply Management.
Total industrial production (IP) increased 0.3% in Sept. (+5.1 percent YoY), about the same MoM rate of change as in the previous two months. Hurricane Florence reduced output by less than 0.1%. For 3Q as a whole, total IP advanced at an annual rate of 3.3%, down from 2Q’s +5.3%. Manufacturing output tiptoed higher (0.2%) in Sept., the smallest gain in four months. Utilities were unchanged, while the index for mining rose (+0.5%) for an eighth month.
More information about data in the report can be found in the full article available online published Nov. 20, 2018 by Joe Clark at the highly recognized industrial data tracking blog Forest 2 Market (Charlotte, N.C., USA). A full selection of graphical analysis presentations related to the P&P and related forest product industries by Clark released over 2018 is available online.
