Q3 recovery shows promise, but more bumps to come

Q3 recovery shows promise, but more bumps to come

BLOG · BY TTF CEO DAVID HOPKINS · 17 August

Many of our members have reported record sales during June and July, as shown in the CPA and CLC notes last week, which is hopefully a sign that the market is strengthening. However, as RICs warns, this could be a sign of a bubble which could well burst come Autumn at the end of the Government support schemes.

Concerning figures from last week showed that the UK had 17 years of economic growth wiped out during lockdown, with a deeper recession than was reported by any European or North American country.

Meanwhile the Government is forging ahead with plans to open up wider sectors of the economy from Saturday, including Indoor theatre, music and performance venues, the piloting of a small number of sporting events, and some events to take place at conference venues ahead of the expected resumption of business events from 1 October at the earliest.

At the TTF we continue to work at full pace promoting the timber industry, most recently releasing a new report following up from last month’s webinar with Building Magazine on ‘Why the timber industry is leading constructions Net Zero recovery‘. I encourage all to share it, and if they are not already, to sign up for the refreshed Confederation of Timber Industries newsletter, with whom this report was created.

I would also strongly encourage all to share our Conversations about Climate design competition, due to close on 24 August, which is encouraging the use of sustainable tropical hardwood species as part of our work promoting FLEGT with DfID. Make sure to send on to any in the design or architecture world who you think would be interested in helping grow the use of sustainable timber.

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