U.S. ECRI Materials Prices Fall at a 19.1% Rate

U.S. ECRI Materials Prices Fall at a 19.1% Rate
By Chris Middleton – Oct 13, 2011 10:06 AM ET

U.S. industrial prices rose 0.34 percent today, according to the ECRI materials prices daily report. The smoothed annualized growth rate, which is designed to minimize fluctuations, fell 19.1 percent.

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

=============================================================================
Oct. 13 Oct. 12 Oct. 11 Oct. 10 Oct. 7 Oct. 6 Oct. 5
2011 2011 2011 2011 2011 2011 2011
=============================================================================
————–Smoothed Annualized Growth Rate————–
Total -19.1% -19.6% -19.5% -20.5% -18.7% -19.8% -20.8%
—————————————————————————–
Textiles -37.6% -35.8% -36.7% -36.7% -36.5% -37.0% -37.3%
Metals -22.9% -25.1% -24.0% -25.8% -26.6% -29.3% -29.5%
Miscellaneous -3.9% -3.8% -3.1% -3.3% 2.8% 1.2% 0.6%
Petroleum -24.3% -24.4% -25.9% -27.2% -25.1% -23.2% -26.3%
=========================================================
Oct. 13 Percent Change from last:
2011 Week Month Year
=========================================================
Total 122.65 0.8% -7.9% 0.4%
———————————————————
Textiles 143.85 0.7% -8.9% -15.2%
Metals 127.73 4.0% -9.2% -5.1%
Miscellaneous 130.13 -2.4% -3.3% 8.5%
Petroleum 93.55 0.5% -12.7% 6.9%
=========================================================
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: Economic Cycle Research Institute

http://www.bloomberg.com/news/2011-10-13/u-s-ecri-materials-prices-fall-at-a-19-
1-rate-table-.html