Loss narrows from previous quarter; European operations show resilience.
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The production increased from March, but there was a decrease in new orders and export orders, though they remained in expansion territory.
February indices show growth across major metro areas.
Softwood supply from New Zealand decreases amid lower prices.
Prices for pruned stems increase, logging residues drop
Operating profit falls amid lower paper prices.
The era of steep commodity price falls triggered by the pandemic and subsequent recovery phases seems to be concluding.
Key contributors to the quarter's results included the UPM Paso de los Toros pulp mill, which operated at 83% of capacity, and the successful sale of the Steyrermühl site in Austria.
First quarter impacted by weather and fire.
At the end of 2023, the total plywood production capacity in China was about 205 million m3 per year.
Softwood sawlogs see nearly 3% increase; pulpwood prices jump over 4%.
Among the four major U.S. regions, sales slid in the Midwest, South and West, but rose in the Northeast for the first time since November 2023. Year-over-year, sales decreased in all regions.
International Monetary Fund upgrades 2024 global growth forecast to 3.2%; highlights widening gap between rich and poor countries.
69 civil groups from 18 countries call on President Yoon to revise renewable energy certifications, highlighting damage to forests and increased carbon emissions.
Nonagricultural industrial exports saw a 0.6% increase, led by a 3.4% rise in nonferrous metals prices.
U.S. mortgage rates climb for a second week.
This resurgence comes after a prolonged period of decline from July to February.
Core inflation remains robust, complicating the Fed's strategy for a soft economic landing.
Last year, the equivalent of 10 football fields of tropical forest vanished every minute.
Unexpected rise fueled by construction and automotive sectors.