Stockbroker Gerrard says today's producer price inflation figures are good news for earnings in the ...
Stockbroker Gerrard says today's producer price inflation figures are good news for earnings in the manufacturing sector. The 0.6% year-on-year increase in manufacturing output prices as measured by the Office for National Statistics is the biggest since March 2001 and may be the "first glimmer of light that some pricing power is returning to the sector". However, Gerrard also hedges its bets by saying it does not believe the price inflation can be sustained. The main problem is the state of the global economy, with deflationary pressure still strong and export markets...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes