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U.S. ECRI Materials Prices Fall at a 20.8% Rate

U.S. ECRI Materials Prices Fall at a 20.8% Rate
By Chris Middleton – Oct 5, 2011 9:55 AM ET

U.S. industrial prices fell 0.3 percent today, according to the ECRI materials prices daily report. The smoothed annualized growth rate, which is designed to minimize fluctuations, fell 20.8 percent.

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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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Oct. 5 Oct. 4 Oct. 3 Sept. 30 Sept. 29 Sept. 28 Sept. 27
2011 2011 2011 2011 2011 2011 2011
=============================================================================
————–Smoothed Annualized Growth Rate————–
Total -20.8% -20.3% -19.2% -17.1% -16.3% -15.0% -16.4%
—————————————————————————–
Textiles -37.3% -38.9% -38.4% -37.3% -38.9% -38.7% -36.5%
Metals -29.5% -29.0% -27.3% -26.5% -25.8% -24.2% -27.4%
Miscellaneous 0.6% 1.4% 1.1% 3.4% 3.4% 3.8% 5.3%
Petroleum -26.3% -24.9% -22.8% -17.7% -14.1% -11.4% -15.6%
=========================================================
Oct. 5 Percent Change from last:
2011 Week Month Year
=========================================================
Total 121.33 -2.6% -9.6% 2.2%
———————————————————
Textiles 144.56 -0.8% -5.0% -8.7%
Metals 122.29 -1.5% -15.0% -2.6%
Miscellaneous 132.90 -2.0% -0.6% 9.9%
Petroleum 92.19 -6.4% -16.5% 4.9%
=========================================================

http://www.bloomberg.com/news/2011-10-05/u-s-ecri-materials-prices-fall-at-a-20-
8-rate-table-.html

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