Guten Morgen & good Trades...
14.05.2008 02:52
Japan April corporate goods price index up 3.7 percent yr-on-yr
TOKYO (Thomson Financial) - Japan's corporate goods price index rose 3.7 percent in April from a year earlier due to surging commodity prices, the Bank of Japan said on Wednesday.
But the pace of annual growth slowed from March due to the termination of gasoline surcharges.
In March, the corporate goods prices rose 3.9 percent, which was the strongest year-on-year rise for the index since February 1981, when it grew 5.7 percent.
Economists had expected a rise of 3.6 percent for April based on a poll by Thomson/IFR Markets.
The export price index, in contract currency terms, rose 2.5 percent from a year earlier after rising 1.4 percent in March.
The import price index, in contract currency terms, was up 22.6 percent from a year ago after rising 21.6 percent in March.
Prices of petroleum and coal products rose 19.6 percent, slower than a revised 29.4 percent gain in March.
On a month-on-month basis, the corporate goods price index rose 0.6 percent in April. The export price index rose 1.3 percent, while the import price index increased 3.0 percent.
($1 = 104.73 yen)
yasuhiko.seki@thomsonreuters.com |
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