Industrial commodity prices are expected to remain low in 2009; Economist Intelligence Unit’s IRM price index will fall by an average of 41%
Feb 5th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Having collapsed in the second half of 2008 in the wake of the financial crisis and its negative implications for global aggregate demand, the prices of industrial raw materials are likely to remain at low levels in 2009. Prices (as measured by the Economist Intelligence Unit's Industrial Raw Materials (IRM) price index) will fall by an average of 41% in 2009.