U.S. ECRI Materials Prices Fall at a 9.8% Rate

U.S. ECRI Materials Prices Fall at a 9.8% Rate
QBy Chris Middleton – Sep 22, 2011 11:02 AM ET .

U.S. industrial prices fell 0.84 percent today, according to the ECRI materials prices daily report. The smoothed annualized growth rate, which is designed to minimize fluctuations, fell 9.8 percent.

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

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Sept. 22 Sept. 21 Sept. 20 Sept. 19 Sept. 16 Sept. 15 Sept. 14
2011 2011 2011 2011 2011 2011 2011
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————–Smoothed Annualized Growth Rate————–
Total -9.8% -8.2% -7.3% -5.0% -4.4% -4.6% -3.9%
—————————————————————————–
Textiles -34.8% -33.3% -30.6% -27.4% -26.5% -24.8% -25.0%
Metals -15.4% -13.3% -12.6% -8.4% -8.2% -9.5% -7.5%
Miscellaneous 4.7% 5.9% 7.7% 6.8% 5.3% 3.9% 4.0%
Petroleum -6.7% -5.4% -6.7% -4.3% 0.5% 2.7% 2.7%
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Sept. 22 Percent Change from last:
2011 Week Month Year
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Total 129.35 -2.9% -1.5% 7.9%
———————————————————
Textiles 147.91 -6.7% -3.9% -4.0%
Metals 134.22 -4.2% -3.2% 3.3%
Miscellaneous 135.12 0.6% 1.6% 9.8%
Petroleum 103.41 -4.3% -2.3% 20.7%
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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

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8-rate-table-.html