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The UK Wood Market Reports 
¡¾Jan.31, 2002¡¿

News From the UK

The New Year has brought strikes on the railways whose improvement is top of the government's agenda along with health and education.

The introduction of the euro in mainland Europe passed off quietly but the initial strength of the euro against the dollar has now evaporated. In the UK high street spending continues to buoy up the economy but manufacturing output fell 5.4% in November, the biggest fall for 10 years.

House completions are forecast to drop to their lowest level since 1924 for the second year in a row, hence continued rises in house prices. As is well known, house building is the engine that drives the timber trade forward. So far according to most agents, timber is not being quoted in euros, but this will come shortly.

In company news, Travis Perkins now has over 500 branches and is on course to capture 20% of the timber market.

West African Log Prices in UK

UK Sawnwood Prices

Plywood and MDF in the UK

For more information on the trends in the UK market please see www.worldwidewood.com