Dec 2004 PPI has come out at 1.9% yr/yr versus 2.5% yr/yr in November. The Reuters economists poll forecast a rise of 2.6% yr/yr.

PPI fell 0.5% mth/mth for December versus a rise of 0.2% for November. The monthly forecast for December was +0.1%.

The average increase in PPI for the whole of 2004 was 0.6%.

Kind regards,
Mark Lindhiem

Debt Capital Markets - Treasury Solutions Rand Merchant Bank
Tel: (011) 269 9849
Rightfax: (011) 282 4296
Fax: (011) 269 9598