Materials Costs Fall Boost for Industry

Summary


Manufacturers hit by soaring costs and tight price constraints were given a much-needed boost yesterday as figures showed the price of raw materials fell at the sharpest rate for nearly two years last month.

The Office for National Statistics said input costs for factories slipped 1.2 per cent in August - the biggest decline since December 2004 when costs dipped by 2.3 per cent.

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Extract


Materials Costs Fall Boost for Industry

The ONS said it reflected a drop in the price of crude oil, which eased 2.8 per cent between Jul...

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