Defrosting our climate and economy

Defrosting our climate and economy

BLOG · BY TTF CEO, DAVID HOPKINS · 19 April 2021

As lockdown eases, it seems likely that high demand for construction products will continue, but that supply may act as a constraint – for all construction products – as was outlined by both ourselves and the Construction Leadership Council last week.

While it has been a rather Arctic April, much to the annoyance of those who lined up this week to get their first pint at a pub since December – we are about to see a ‘defrost’ in two senses. Firstly, thankfully, with a ‘mini’ heatwave to hit the country beginning this weekend, and secondly, in consumer spending and confidence, as we gradually exit lockdown restrictions.

For those of us in the construction products sector, we will be keeping a close eye on the release of the CPA Economic and Construction Industry Forecasts 2021-2023 on Monday 26 April 2021, which will include Spring 2021 scenarios.

Taking a glance at the crystal ball, it seems likely that high demand for products is set to continue with construction output growing by 1.6% in February according to the latest ONS figures, but supply may act as a constraint – for all construction products – as was outlined by both ourselves and the Construction Leadership Council last week.

I would like to remind all members of the TTF they can access the latest Construction Product Association (CPA) statistics on our Statistics Hub. Our members can also register to attend the CPA Webinar on Wednesday 28 2021 at 11am. Please register your details here.

Some other important numbers to keep an eye on in the coming week include the Coniferous Plywood Quota, with just 17%, or 29,469m3, now remaining. This is almost a 10,000mreduction since 7 April, when it was 39,493 m3. You can keep up to date on the current balance using our new Coniferous Plywood Quota Dashboard online which should automatically draw in the latest figures.

Other events to watch this week include the #ConversationsthatMatter talk between STA Chief Andrew Carpenter and Paul Brannen, Director of Public Affairs at CEI Bois, which is excellent, highlighting the approach of the global forest and timber sectors to COP26 which is now available on demand with YouTube, and for TTF members, I recommend registering for our next Q&A Clinic on Monday 26 April 2021.

The TTF Q&A clinic is a monthly lunch hour clinic for TTF members to talk with our experts on any aspect of your operations, whether plant health, customs activities, UKTR due diligence, timber treatment, or any other matter on your mind. We look forward to seeing you there.

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