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JoC-ECRI Index Shows First Growth in a Year

The Journal of Commerce-Economic Cycle Research Institute index of global industrial prices moved into positive territory for the first time in almost a year for the week ending July 24, signaling an improvement in global demand for the raw materials that go into industrial production.

 

The Industrial Price Index, based on the daily prices of raw materials used in industrial production, ended the week growing 3.3 percentage points to 86.1637, the highest point IPI has reached since Oct. 24, 2008.

 

Source: Journal of Commerce

 

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