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Saturday 22nd of January 2011

News Tag: producer prices

January 14, 2011

UK producer prices rise higher than forecast

by Kay Murchie
”UK
The Office for National Statistics (ONS) today revealed producer output prices increased 0.5% in November on the month, after October’s 0.4%. The forecast was for a rise of 0.4% and takes the annual rate to 4.2%. According to RBS economist Ross Walker, it will make “uncomfortable” reading for the Bank of England and will raise concerns about “how fast retail and consumer ...



April 9, 2010

UK producer prices up in March

by Kay Murchie
?UK
The Office for National Statistics has today revealed UK producer output prices rose by 0.9% in March – nearly double the figure forecast by analysts. Meanwhile, the annual rate hit 5% - the highest rate since November 2008. The rise was attributed to higher oil and import prices and, according to analysts, could see the Bank of England raise interest rates sooner rather ...



March 17, 2010

US producer prices in February fall

by Kay Murchie
”US
The US Labor Department has today reported a fall in producer prices of 0.6% in February - the biggest fall since July 2009. The fall, which was worse than expected, was attributed to a 2.9% decline in energy costs. Compared to February 2009, producer prices grew 4.4%, but they slowed from a 4.6% annualised rise in January and was slightly below ...



January 21, 2010

US housing starts fall, producer prices up

by Kay Murchie
”US
The Commerce Department has revealed a fall in housing starts for the month of December but building permits rose. According to the Commerce Department, construction of new US homes fell 4% during the month to a seasonally adjusted annual rate of 557,000 properties. The fall was primarily due to bad weather which hit most of the country. Meanwhile, applications for ...



December 16, 2009

US housing starts and producer prices up

by Kay Murchie
US housing starts and producer prices up
The US economy received a boost today after the Commerce Department revealed a rise in housing starts for the month of October, recovering from the slump in September. According to the Commerce Department, construction of new US homes surged 8.9% during the month to a seasonally adjusted annual rate of 574,000 properties. The figure was in line with market expectations and suggests ...



October 20, 2009

US housing starts rise, producer prices fall

by Kay Murchie
US housing starts rise, producer prices fall
The recovery in the US was thrown into doubt today after the Commerce Department revealed housing start figures for the month of September. While construction of new US homes rose during the month, it was below economists’ expectations. According to the Commerce Department, construction of new US homes rose 0.5% during the month to a seasonally adjusted annual rate of 590,000 properties ...



September 16, 2009

Fed chairman: Recession is very likely over

by Kay Murchie
Fed chairman: Recession is very likely over
US Federal Reserve chairman, Ben Bernanke, said yesterday: “From a technical perspective, the recession is very likely over.” Mr Bernanke’s comments come one year after the collapse of US bank Lehman Brothers. Speaking at a conference at the Brookings Institution, a think tank based in Washington, Mr Bernanke did caution, however, that due to unemployment the economy will remain weak for ...



September 15, 2009

US retail sales rise due to successful cash for clunkers scheme

by Kay Murchie
US retail sales rise due to successful cash for clunkers scheme
The Commerce Department has today revealed a rise in US retail sales for the month of August, helped by the US Government’s Car Allowance Rebate System (CARS), branded the “cash for clunkers” scheme. Retail sales rose by 2.7% in August, compared with July and was the biggest monthly gain since January 2006. However, on an annual basis, ...