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"Das Ego ist des Menschen größter Feind"
"Das Ego ist des Menschen größter Feind"
Top-News
PPI July -0.9% Consensus -0.3% Prev. -0.4% -eom
Beiträge: 3
Zugriffe: 313 / Heute: 1
Zugriffe: 313 / Heute: 1
erwartet wenn man die Energie und Food rausnimmt. Dann +0.2%
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"Das Ego ist des Menschen größter Feind"
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"Das Ego ist des Menschen größter Feind"
quelle: www.bloomberg.com
U.S. Producer Prices Fell 0.9% in July; Core Up 0.2%
By Monee Fields-White
Washington, Aug. 10 (Bloomberg) -- Prices paid to U.S.
factories, farmers and other producers dropped more in July than any other month in almost eight years, fueled by declines in costs of gasoline, computers and cars, government figures showed.
The producer price index decreased 0.9 percent after falling
0.4 percent in June, the Labor Department said. A 5.8 percent plunge in energy costs was the largest since August 1989. Prices of goods at the earlier stages of production slumped.
Excluding energy and food, prices rose 0.2 percent after
rising 0.1 percent in June. The core PPI has increased more than 0.2 percent only once this year as companies such as Intel Corp. and Dell Computer Corp. have lowered prices to boost sales.
The report ``doesn't show any real ability of businesses to
hike prices in order to boost faltering corporate profits,'' said Vincent Boberski, senior economist at Dain Rauscher Inc. in Chicago.
July marked the biggest decrease in producer prices since a 1 percent drop in August 1993. Analysts expected a 0.3 percent decrease in the producer price index and a 0.1 percent rise in the core index. Producer prices haven't declined for two consecutive months since July-August of last year.
Scant evidence of accelerating inflation has made it easier
for Federal Reserve policy makers to reduce the overnight bank lending rate six times this year to ignite business and consumer demand. Fed officials next meet Aug. 21 and analysts expect them to lower the rate a quarter percentage point to 3.5 percent.
So Far This Year Through the first seven months of this year, the PPI rose at a 0.5 percent annual rate compared with a 3.8 percent rate of increase in the same seven months last year, Labor officials said.
The core PPI rose at a 1.7 percent annual rate in the first
seven months of this year compared with a 1.2 percent pace in the same period of 2000.
With inflation contained, Fed officials have been able to
reduce borrowing costs in a bid to spark a sluggish economy.
Gross domestic product increased at a 0.7 percent annual pace in the second quarter. That marked the fourth straight quarter with growth less than 2 percent, which last happened during the 1990- 1991 recession.
``Inflation concerns will not be an issue'' at the next
meeting, said Rick MacDonald, an economist at Standard & Poor's MMS in Belmont, California.
Finished producer energy prices fell 5.8 percent in July, the largest drop since a 7.8 percent plunge in August 1989, after falling 2.5 percent during June.
Gasoline Costs Gasoline prices fell 17.7 percent in July, the largest decline since a 19.8 percent fall in July 1986. Unleaded gasoline futures for September delivery on the New York Mercantile Exchange fell to a low in July of 70.21 cents a gallon. Futures prices, a gauge of wholesale costs, haven't been that low since 68.72 cents in January 2000.
Residential natural gas prices fell 4 percent in July. Home
electricity prices rose 2.2 percent last month, the biggest rise since January 1991, following a record 1.5 percent decrease in June.
Food prices declined 0.6 percent in July after rising 0.1
percent during June. The decrease in July food prices was the largest since a 0.8 percent fall in April 1999.
Prices for computers decreased 0.3 percent during July,
following a 2.8 percent fall the prior month. Dell, the largest direct seller of personal computers, said last month that it's introducing a server that's 22 percent cheaper than previous models. Prices for the PowerEdge 500SC will start at $699, a reduction from $899, which Dell charged for the PowerEdge300SC, previously the company's least-expensive server.
Computer Chips Electronic components and accessories fell 0.5 percent in July. Intel, the largest computer-chip maker, has cut the price of its Pentium 4 by as much as 69 percent since the chip's November 2000 introduction.
Passenger car prices declined 0.3 percent after rising 0.1
percent a month earlier. Ford Motor Co. raised consumer incentives on the vehicles by $500 to $2,000 in July. The offer runs through Oct.8.
While car prices dropped, the costs of light trucks jumped
2.3 percent in July, the biggest increase since April 1987. The core rate of finished producer prices was also pushed up by a 0.8 percent increase in civilian aircraft costs.
Intermediate goods prices fell 1 in July, following a 0.1
percent decrease in June. The cost of intermediate goods excluding food and energy fell a record 0.4 percent after falling 0.3 percent a month earlier.
Crude goods prices declined 5.3 percent in July after
decreasing 6 percent in June. The cost of crude goods excluding food and energy declined 0.9 percent after falling 0.2 percent in the prior two months.
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"Das Ego ist des Menschen größter Feind"
U.S. Producer Prices Fell 0.9% in July; Core Up 0.2%
By Monee Fields-White
Washington, Aug. 10 (Bloomberg) -- Prices paid to U.S.
factories, farmers and other producers dropped more in July than any other month in almost eight years, fueled by declines in costs of gasoline, computers and cars, government figures showed.
The producer price index decreased 0.9 percent after falling
0.4 percent in June, the Labor Department said. A 5.8 percent plunge in energy costs was the largest since August 1989. Prices of goods at the earlier stages of production slumped.
Excluding energy and food, prices rose 0.2 percent after
rising 0.1 percent in June. The core PPI has increased more than 0.2 percent only once this year as companies such as Intel Corp. and Dell Computer Corp. have lowered prices to boost sales.
The report ``doesn't show any real ability of businesses to
hike prices in order to boost faltering corporate profits,'' said Vincent Boberski, senior economist at Dain Rauscher Inc. in Chicago.
July marked the biggest decrease in producer prices since a 1 percent drop in August 1993. Analysts expected a 0.3 percent decrease in the producer price index and a 0.1 percent rise in the core index. Producer prices haven't declined for two consecutive months since July-August of last year.
Scant evidence of accelerating inflation has made it easier
for Federal Reserve policy makers to reduce the overnight bank lending rate six times this year to ignite business and consumer demand. Fed officials next meet Aug. 21 and analysts expect them to lower the rate a quarter percentage point to 3.5 percent.
So Far This Year Through the first seven months of this year, the PPI rose at a 0.5 percent annual rate compared with a 3.8 percent rate of increase in the same seven months last year, Labor officials said.
The core PPI rose at a 1.7 percent annual rate in the first
seven months of this year compared with a 1.2 percent pace in the same period of 2000.
With inflation contained, Fed officials have been able to
reduce borrowing costs in a bid to spark a sluggish economy.
Gross domestic product increased at a 0.7 percent annual pace in the second quarter. That marked the fourth straight quarter with growth less than 2 percent, which last happened during the 1990- 1991 recession.
``Inflation concerns will not be an issue'' at the next
meeting, said Rick MacDonald, an economist at Standard & Poor's MMS in Belmont, California.
Finished producer energy prices fell 5.8 percent in July, the largest drop since a 7.8 percent plunge in August 1989, after falling 2.5 percent during June.
Gasoline Costs Gasoline prices fell 17.7 percent in July, the largest decline since a 19.8 percent fall in July 1986. Unleaded gasoline futures for September delivery on the New York Mercantile Exchange fell to a low in July of 70.21 cents a gallon. Futures prices, a gauge of wholesale costs, haven't been that low since 68.72 cents in January 2000.
Residential natural gas prices fell 4 percent in July. Home
electricity prices rose 2.2 percent last month, the biggest rise since January 1991, following a record 1.5 percent decrease in June.
Food prices declined 0.6 percent in July after rising 0.1
percent during June. The decrease in July food prices was the largest since a 0.8 percent fall in April 1999.
Prices for computers decreased 0.3 percent during July,
following a 2.8 percent fall the prior month. Dell, the largest direct seller of personal computers, said last month that it's introducing a server that's 22 percent cheaper than previous models. Prices for the PowerEdge 500SC will start at $699, a reduction from $899, which Dell charged for the PowerEdge300SC, previously the company's least-expensive server.
Computer Chips Electronic components and accessories fell 0.5 percent in July. Intel, the largest computer-chip maker, has cut the price of its Pentium 4 by as much as 69 percent since the chip's November 2000 introduction.
Passenger car prices declined 0.3 percent after rising 0.1
percent a month earlier. Ford Motor Co. raised consumer incentives on the vehicles by $500 to $2,000 in July. The offer runs through Oct.8.
While car prices dropped, the costs of light trucks jumped
2.3 percent in July, the biggest increase since April 1987. The core rate of finished producer prices was also pushed up by a 0.8 percent increase in civilian aircraft costs.
Intermediate goods prices fell 1 in July, following a 0.1
percent decrease in June. The cost of intermediate goods excluding food and energy fell a record 0.4 percent after falling 0.3 percent a month earlier.
Crude goods prices declined 5.3 percent in July after
decreasing 6 percent in June. The cost of crude goods excluding food and energy declined 0.9 percent after falling 0.2 percent in the prior two months.
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"Das Ego ist des Menschen größter Feind"
