Wednesday, January 09, 2008
And here is another quiz that may earn you a free subscription to this blog.
I am looking for an explanation how European industry manages to report higher profits when their input prices rise faster than consumer (sales) prices. According to Eurostat Eurozone producer prices gained further speed last November with a 0.8% (October 0.7%) MOM rise and annual PPI roars ahead at 4.1% while CPI came in a full percentage point lower at 3.1% last week.
European companies are expected to report better profits for 2007.
This does not work out for me.