||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| |||||||||||||||||||||||||||||||||| Commercial Credit In Focus
goods, to record a weaker month-on-month rise in input prices. Food and beverages producers saw the
biggest slowdown in cost increases – registering 73.2 on the Tracker’s Input Prices Index in January, versus 86.3 in December – followed by automotive manufacturers (77.2 vs. 86.6). A reading above 50.0 on this index signals costs are rising, while a reading below 50.0 signals them falling. Although cost pressures remained intense,
improved supply conditions helped UK manufacturers record the slowest rise in factory gate charges in eight months – registering 70.9 on the Tracker’s Prices Charged Index. This compares to a record-high reading of 74.3 in December. By contrast, higher salary demands and
energy prices contributed to the second-fastest increase in service sector input costs on record, registering 79.7 on the Input Prices Index (vs. 77.0 in December).
March 2022
This, in turn, contributed to UK service
businesses increasing the prices they charged consumers at the fastest rate in the Tracker’s 25-year history, registering 62.6 on the Prices Charged Index in January (vs. 61.2 in December). Jeavon Lolay, head of economics and market insight at Lloyds Bank Commercial
Banking, said: “An increase in the number of sectors reporting output growth in January is good news to start the year. “While consumer-facing service businesses
Although cost pressures remained intense, improved supply conditions helped UK manufacturers record the slowest rise in factory gate charges in eight months – registering 70.9 on the Tracker’s Prices Charged Index
www.CCRMagazine.com
have borne the brunt of Covid-19, high- frequency data show activity here also rebounding after restrictions were eased last month. If it goes ahead, the announcement that all Covid regulations could be abolished earlier than planned in England in the coming weeks should also translate into stronger consumer demand as the post- pandemic recovery further normalises. “Sharp focus will be on how the divergent
infl ationary trends revealed in our report unfold in the months ahead. Persistently high wage and energy prices for service fi rms could ultimately lead to more sustained, or even higher, prices for consumers. January’s Recovery Tracker had some tentative, early, indications that the peak of price pressures for manufacturers may have passed.” CCR
19
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52
