Forestweb Publishing Papers Index gains in August
LOS ANGELES, August 17, 2007 (press release) – The Forestweb North American Publishing Papers Index rose 0.24% month-to-month in August, a second consecutive monthly gain after earlier declines.
The index level of 96.57 was 7.73% below August 2006 and was off 5.68% year-to-date.
The monthly gain was due to higher prices for coated mechanical and some freesheet papers against weakening prices for newsprint and some uncoated mechanical grades.
The Publishing Papers Index is a component of the Forestweb North American Printing & Writing Index, which rose 0.13% from July to 106.07. That index is down 5.29% year-over-year and has fallen 3.38% this year.
Forestweb's price indices are Laspeyres indices that represent a statistical measure of a weighted average of printing and writing paper, pulp and paperboard prices and which summarize the relative changes in price levels over time using an arbitrarily chosen base period. All Forestweb indices use the base year 2000 except for pulp, which uses 2001 as the base year.