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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.

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
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————–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%
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Oct. 5 Percent Change from last:
2011 Week Month Year
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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%
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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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