France: Where is the oak market heading this autumn?

It's not easy to predict the direction that oak markets will take in late 2023. The early sales in September already provide some hints, but these require confirmation. The context has significantly evolved since the beginning of 2022 when oak sawyers were experiencing a state of euphoria. Now, economic signals are gloomy in major global marketplaces: the US economy is uncertain, China's real estate sector is struggling, and Europe, notably its economic engine, Germany, is on the brink of recession (with GDP forecasts ranging from -0.2% to -0.4% for 2023). Some of these disruptions are ...