The June Quarterly Producer Price Index is in. Producer inflation was lower than expected. That doesn’t mean prices have fallen, but that they grew at a slower rate. So here’s three cheers for making stuff. Officially, producer prices rose 1.0% in the June quarter. Hmmm. Here’s 3.03 cheers for making stuff. But it’s still a good result for the manufacturing sector. Commsec, for example, was predicting growth of 2.0%.
July 22nd, 2008 | Dan Denning | 3 comments | ContinuedAll Posts Tagged With: "producer price index"
