Not surprising that the Pulp and Paper Industry remains weak, with much capacity shuttered given poor market demand. I include quotes from recent beige book report by FED by region (very dismay reading!)
Minneapolis – The downturn continues…..
San Francisco – Economic activity slowed further…….
Chicago – The economy remains weak ….
Cleveland – The economy weakened, industry shipments down ……
Boston – The economy continued to slow …….
New York – Economic activity deteriorated..
Philadelphia – Business conditions are weak …..
Richmond – Economic activity declined further ……
Atlanta – Home sales continued to decline …..
St Louis – Manufacturing continued its decline …..
Kansas City – Economy continued to deteriorate.........
Dallas – Falling demand ……
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