Australia's Producer Price Index Scales Up
Producer prices at its final stage has beaten forecasts, economists and analysts are still optimistic it is still not enough to push interest rates in August.The Australian Bureau of Statistics said the index measures prices of capital and consumer items to final buyers. The rise in the index in the second quarter was due to building construction, petroleum refining, and other agriculture.
The bureau also published indices measuring prices of goods and services at a preliminary and intermediate stage of the production cycle.
The stage one or preliminary price index, which covers inputs into the production of intermediate commodities, rose 2.8 per cent in the second quarter from the first, and increased 6.8 per cent from a year earlier, the ABS statement said. Newswires showed an expected rise in core inflation of just 0.7 percent in the second quarter from the first, taking the annual rise in the core rate to 2.5 percent, the mid-point of the Reserve Bank of Australia's 2-3 per cent inflation target band. Core inflation is central to policy-making at the RBA as it strips out volatile quarterly price movements, instead highlighting longer-term trends in price pressures.
Economists said that given the backdrop of a high Australian dollar and weakening demand in key sectors of the economy such as retail sales, building activity, tourism and education services, core inflation will need to be substantially higher than forecast to justify a hike.
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Gas production from RIL's KG-D6 field off the east coast declined 18% to 156.2 BCF in Q1 June 2011 over Q1 June 2010. Production of gas condensate from the filed jumped 81.6% to 0.21 million barrels in Q1 June 2011 over Q1 June 2010.
The bureau also published indices measuring prices of goods and services at a preliminary and intermediate stage of the production cycle. The stage one or preliminary price index, which covers inputs into the production of intermediate commodities,
Enzyme production has been successfully completed at the 20000-liter scale (approximately 5000 gallons), according to the company, and represents the first manufacture of an enzyme product using Codexis' trademarked CodeXporter enzyme expression system
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KEMROK™'s recycled content alone is a significant factor in achieving a high rating on most sustainability scales. The widely-used LEED (Leadership in Energy and Environmental Design) program awards up to two points for recycled content this high.
Manufacturing / MGB scales up production THEBUSINESSDESK.COM
MGB Plastics has invested in new equipment as it looks to grow production to 1.5 million bins a year.
The Rotherham-based firm says it has spent a "six figure sum" on new tools for its 240 and 180 litre products.
The company has launched four new products in the last year and has increased the capacity of its Barbot Hall Industrial Estate plant to 1.5m bins a year.
Conor Sugrue, general manager at MGB Plastics, said: “This investment will help us to fulfil the requirements of our existing clients while g... ...for the full story register now for free or login below...
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