Free Trial

MNI BRIEF: UK Factory Gate Input Prices At 4-Year High

LONDON (MNI)

Input inflation was again a feature of the latest manufacturing PMI data, reflecting the results of the MNI Chicago Business Barometer, with higher prices seen in both the UK and the eurozone as raw materials and transport delays pushed prices higher. In the UK, factory gate input inflation rose to a 4-year higher, hitting a near-3 year high in the eurozone.

There was a split in output prices, acccording to the latest IHS Markit surveys, with UK firms seeing a greater chance to pass higher costs on to customers, as prices hit a 28-month high. In Europe, although firms sought to pass on these higher costs, the overall rate of inflation was modest and noticeably weaker than input costs.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.