Issue 220 Timber

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Advertising: Tel +61 7 3266 1429 Email: cancon@bigpond.net.au

issue 220 | 07.05.12 | Page 1

Interest rate cut drives recovery

This Issue •F iji brand fills global need for mahogany • EWPAA ‘one-stopshop’ for certification

Major boost to consumer confidence could spark activity in housing sector

inflation data; economists had widely predicted a cut of only a quarter percentage point. The last interest rate cut was in December. “This decision is based on information received over the past few months that suggests that economic conditions have been somewhat weaker than expected, while inflation has moderated,” Reserve Bank Governor Glenn Stevens said in a statement. The Australian Bureau of Statistics has released figures showing the annual inflation rate to March was 1.6%, down sharply

Spark of hope .. interest cuts herald housing recovery.

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ole for forestry in R national koala strategy • Contractors need robust harvest R&D program • Government safety net for NZ forest workers • Conference focuses on wood building demand • Product mix change at Hyne’s Imbil mill

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THE Reserve Bank’s decision to cut interest rates will provide a major boost to consumer confidence and assist the recovery of the housing sector, according to the Master Builders Association. Australia’s central bank slashed its benchmark interest rate by half a percentage point on May 1, a larger-than-expected cut that comes amid a slump in the housing market and lacklustre growth in the nation’s economy outside the booming mining sector. The decision to lower the official cash rate to 3.75% follows the release of relatively weak

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A p N A pro o lu v w Co m e nt ini d F ac um or t*

MicroPro is GREENGUARD® Children and Schools Certified Greenguard® Children and Schools Certification indicates that a product has undergone rigorous testing and has met stringent standards for VOC emissions. In the USA, products certified to this criteria are suitable for use in schools, offices, and other sensitive environments.

Visit: www.osmose.com.au or phone: 1800 088 809 Osmose® and MicroPro® are registered trademarks of Osmose, Inc. or its subsidiaries. A Better Earth Idea from Osmose sm and Treated Wood Just Got Greener sm are slogan marks of Osmose Inc and its subsidiaries. MicroPro timber products are produced by independently owned and operated wood preserving facilities. GREENGUARD® is a registered trademark of GREENGUARD Environmental Institute. * See MicroPro fastener and hardware information sheet. © 2011 Osmose, Inc.

Advertising: Tel +61 7 3266 1429 Email: cancon@bigpond.net.au

issue 220 | 07.05.12 | Page 1


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