Thursday, May 24, 2007
Prices on the up
FT.com: UK manufacturers optimistic on prices
UK manufacturers’ optimism that they can force through price rises is at its highest for 12 years, the CBI said on Thursday. The employers’ body said that its latest survey of industrial trends showed the balance of producers who expected to push up prices over the next three months was 25 per cent in May.
This was up sharply from a balance of 16 recorded in April and was the highest reading since March 1995. Analysts said the evidence of rising prices at the factory gate would be of concern to the Bank of England.
Posted by dohousescrashinthewoods @ 04:10 PM (156 views) Add Comment
5 Comments
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1. tyrellcorporation said...
Smile guys this is really all starting to look good now. FINALLY we are into the endgame!
Stressed borrowers will be hung out to dry over the next 12-18 months. Savers will be able to sit back and see some real decent returns on their wedge. HAPPY DAYS! :)
2. harold said...
Prices up, but... (drumroll please, white rabbit out of the hat time), RPI is down - hey presto!
3. george monsoon said...
Off topic, but I couldn't wait to say...
My local estate agents have had to move to cheaper accommodation off the main highstreet. oh hum..
4. sold 2 rent 1 said...
"Smile guys this is really all starting to look good now."
Be careful what you wish for tyrell.
I hope all you guys have plenty of savings and recession proof jobs.
5. waitingfor hpc said...
i run a factory - prices up 25% in 12 months, and we are still having to pass on more. it is not a case of putting my PROFIT up (If we have any these days) but passing on HUGE COMMODITY PRICE RISES.