Latest from Electrical Price Index
EM’s Electrical Price Index (EPI) saw a +1% increase year over year (YOY) in October and a +0.3% increase over September. While those don’t sound like big increases, they run contrary to the no-growth trend established over the past year.
Responsible for a big chunk of that YOY increase was Power Wire & Cable which saw a whopping +11.5% YOY gain and a +8.9% gain over September.
Note: All EPI series represent Global Insight aggregates of Bureau of Labor Statistics’ (BLS) producer price indices (PPIs). The revised data partly reflect redefinitions of specific PPIs by the BLS, but mostly reflect the rebenchmarking of all EPI price series to a 1997 base year. The four following EPI series have been affected by BLS redefinitions: boxes, conduit (fittings), nonmetallic conduit, and generators. Sources: U.S. Bureau of Labor Statistics; Global Insight