Price of raw materials have gone-up


	Price of raw materials have gone-up

dabirdman

7-2-2008 2:39 AM

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tags:

us recession, us economy, fuel crisis

dabirdman says:

Only a matter of time high fuel prices will make everything else more expensive.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/91176ec7-d3ba-4838-a552-7b129d69568f/5EDB20D4-B313-4F85-8C2E-B82101467FC1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/ap/20080701/ap_on_bi_ge/economy" href="http://news.yahoo.com/s/ap/20080701/ap_on_bi_ge/economy" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080701/ap_on_bi_ge/economy"><P>Manufacturers are "experiencing higher prices for their inputs while demand for their products is slowing," Norbert J. Ore, chairman of ISM's manufacturing business survey committee, said in a statement accompanying the report.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080701/ap_on_bi_ge/economy"><P>Cooper and other manufacturers say they had been honoring the six-month price guarantees they gave customers before <SPAN id="lw_1214946649_1" class="yshortcuts">oil prices</SPAN> spiked 50 percent higher, hitting an intraday record of $143.67 a barrel earlier this week. When those price guarantees expired, manufacturers raced to recoup their increased costs.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080701/ap_on_bi_ge/economy"><P>
The unemployment rate rose to 5.5 percent in May, up from 5 percent in April. The increase was the largest in two decades. Economists surveyed by Thomson Financial/IFR expect the same rate when June's number is released Thursday.
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Economists continue to worry that higher prices will stifle growth. <SPAN id="lw_1214946649_6" class="yshortcuts">Lehman Brothers economist</SPAN> Michele Meyer said she expects higher prices to push the manufacturing reading below its break-even level next month.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/5EDB20D4-B313-4F85-8C2E-B82101467FC1/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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