By: Lucia Moses
Preliminary figures for August show a slight year-over-year uptick in newsprint use by U.S. dailies following declines most of the year, according to the Newspaper Association of America.
Consumption rose 0.2%, to 663,000 metric tons, in August, after falling 1.4%, to 684,000 tons, in July.
Year-over-year declines in inventory continued to narrow in August, with preliminary figures showing stocks down 8.5%, to 954,000 tons, a 43-day supply, following seven months of double-digit declines. July’s revised numbers show stocks down 13%, to 913,000 tons, a 40-day supply.
At the same time, further downtime may diminish producer stocks. Bowater Inc. announced last week that it will take 125,000 tons out of third-quarter production — 15,000 more than it anticipated.