Manufacturing Output Expected To Grow

Production is expected to grow in the next three months manufacturers said in the latest CBI Industrial Trends Survey. There is a general improvement in the trend of demand for UK manufactured goods and growth expectations have accompanied the need to replenish stocks. Price pressure intensified again and many firms expect to raise prices.

Industrial PPI In May

The industrial PPI in the euro area went up in May 2010 compared to April by 0.3% and in the EU27 by 0.2%. Comparing May 2010 with May 2009 industrial PPI went up 3.1% in the euro area and 3.7% in the EU27.

In May compared with April 2010 total industry prices excluding energy went up by 0.4% in the euro area and 0.5% in the EU27. Intermediate goods increased by 0.8% in both zones. Consumer durables went up 0.2% in euro area and 0.3% in the EU27. Non-durable consumer goods (incl.fmcgs) went up by 0.1% in the euro area and 0.3% in the EU27. Capital goods went up 0.1% and 0.2%. Prices remained unchanged in the euro area but fell by 0.3% in the EU27. Hungary's index went up 3.4%

The industrial PPI (excl. energy) for May 2010 compared with May 2009 increased by 1.7% in the euro area and 1.8% in the EU27. Intermediate goods increased by 3.9% and 3.8% respectively. Consumer durables went up 0.7% in euro area and 1% in the EU27. Non-durable consumer goods (incl.fmcgs) fell by 0.1% in the euro area and 0.2% in the EU27. Capital goods went up 0.2% in the euro area and 0.5% in the EU27. Energy prices went up 7% in the euro area and 8.6% in the EU27. Malta's total index increased by 17%. There were decreases in Slovakia (-3.1%) and Latvia (-1.2%).