Macroeconomics

In the last two weeks a number of figures have been released that are of general interest and importance to the leather pipeline.

Most of the general statistical data from the leading economies in the world are indicating that there are some clouds in the skies. Consumer confidence in the USA dropped on Friday (the Michigan Index fell for the second consecutive month from 95.5 to 94.2) and the producer price index rose by 0.3 %, which points towards the chance that inflation could rise. Although Mr. Greenspan confidently stated that consumer inflation is still under control, in his speeches this week,  more ‘experts’ share our opinion from last year that the evil spirit of inflation is slowly but surely preparing for its return.

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