Cross Laminated Timber, CLT

Setra has reported an operating profit of SEK 8 million ($727,934) for the Q3 2023. Net sales totalled SEK 1,207 million ($110 million), compared to SEK 1,343 million ($122 million) in the Q3 2022.

U.S. construction spending during July 2023 was estimated at a seasonally adjusted annual rate of $1,972.6 billion, 0.7% above the revised June estimate of $1,958.9 billion. The July figure is 5.5% above the July 2022 estimate of $1,869.3 billion.

U.S. real gross domestic product (GDP) increased at an annual rate of 2.1% in the Q2 2023. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was 2.4%.

In the Q2 2023, Operating EBITDA decreased to negative $68.7 million from positive $145.1 million in the same quarter of 2022 primarily due to lower pulp, lumber and energy sales realizations, the non-cash inventory impairment at its Canadian pulp mills and higher per unit fiber costs partially offset by higher sales v...