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U.S. ECRI Materials Prices Fall at a 7.3% Rate

U.S. ECRI Materials Prices Fall at a 7.3% Rate
By Alex Tanzi – Sep 20, 2011 10:03 AM ET

U.S. industrial prices fell 1.15 percent today, according to the ECRI materials prices daily report. The smoothed annualized growth rate, which is designed to minimize fluctuations, fell 7.3 percent.

The index anticipates trends in companies’ pricing power and is thought to be a leading indicator of corporate profits and consumer price changes.

=============================================================================
Sept. 20 Sept. 19 Sept. 16 Sept. 15 Sept. 14 Sept. 13 Sept. 12
2011 2011 2011 2011 2011 2011 2011
=============================================================================
————–Smoothed Annualized Growth Rate————–
Total -7.3% -5.0% -4.4% -4.6% -3.9% -4.7% -3.8%
—————————————————————————–
Textiles -30.6% -27.4% -26.5% -24.8% -25.0% -25.4% -25.6%
Metals -12.6% -8.4% -8.2% -9.5% -7.5% -8.4% -6.7%
Miscellaneous 7.7% 6.8% 5.3% 3.9% 4.0% 3.8% 4.5%
Petroleum -6.7% -4.3% 0.5% 2.7% 2.7% 1.0% 1.3%
=========================================================
Sept. 20 Percent Change from last:
2011 Week Month Year
=========================================================
Total 131.08 -1.6% -0.2% 9.6%
———————————————————
Textiles 152.60 -3.4% -0.9% 0.3%
Metals 136.38 -3.1% -1.6% 5.6%
Miscellaneous 136.93 1.8% 3.0% 11.5%
Petroleum 103.25 -3.6% -2.4% 19.5%
=========================================================
NOTE: 2006 = 100. The ECRI index tracks 18 industrial materials.
The ‘smoothed growth rate’ is calculated by taking the ratio of
the current period’s index to the average (per period) value of
the index over the prior year leading up to this current period,
and then expressing it as a compound.

SOURCE: conomic Cycle Research Institute

http://www.bloomberg.com/news/2011-09-20/u-s-ecri-materials-prices-fall-at-a-7-
3-rate-table-.html

 


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