Pubblicato in: Banche Centrali, Devoluzione socialismo, Economia e Produzione Industriale, Unione Europea

Eurostat. Nov21. Prezzi della Produzione Industriale, PPI, +23.7% nella EU.

Giuseppe Sandro Mela.

2022-01-09.

2022-01-08__ Eurostat 001

Eurostat. November 2021 compared with October 2021. Industrial producer prices up by 1.8% in the euro area and by 2.0% in the EU. Up by 23.7% in both the euro area and the EU compared with November 2020.

In November 2021, industrial producer prices rose by 1.8% in the euro area and by 2.0% in the EU, compared with October 2021, according to estimates from Eurostat, the statistical office of the European Union. In October 2021, prices increased by 5.4% in the euro area and by 5.0% in the EU.

2022-01-08__ Eurostat 002

                         Monthly comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in November 2021, compared with October 2021, increased by 3.5% in the energy sector, by 1.5% for intermediate goods, by 0.6% for non-durable consumer goods, by 0.5% for durable consumer goods and by 0.4% for capital goods. Prices in total industry excluding energy increased by 0.9%.

In the EU, industrial producer prices increased by 4.5% in the energy sector, by 1.5% for intermediate goods, by 0.6% for durable and for non-durable consumer goods and by 0.4% for capital goods. Prices in total industry excluding energy increased by 1.0%.

The highest monthly increases in industrial producer prices were recorded in Denmark (+10.3%), Bulgaria (+8.5%) and Romania (+7.3%), while the only decrease was observed in Ireland (-2.5%).

                         Annual comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in November 2021, compared with November 2020, increased by 66.0% in the energy sector, by 18.3% for intermediate goods, by 4.7% for durable consumer goods, by 4.4% for capital goods and by 3.8% for non-durable consumer goods. Prices in total industry excluding energy increased by 9.8%.

In the EU, industrial producer prices increased by 64.9% in the energy sector, by 18.6% for intermediate goods, by 5.2% for durable consumer goods, by 4.6% for capital goods and by 4.2% for non-durable consumer goods. Prices in total industry excluding energy increased by 10.1%.

The industrial producer prices increased in all Member States, with the highest yearly increases being registered in Ireland (+87.9%), Denmark (+51.7%) and Romania (+40.4%).

* * * * * * *

Significativamente, Eurostat riporta i dati senza commentarli.

Annualizzando, tra Nov21 ed Oct21 vi è un incremento di 1.8 punti percentuali: a fine anno 2022 l’incremento dovrebbe quindi essere di 21.6 punti percentuali, ossia il PPI dell’Europa dovrebbe arrivare ad essere il 45.3%. Ma l’incremento medio è nei fatti molto maggiore di 1.8 punti percentuali.

«In October 2021, prices increased by 5.4% in the euro area and by 5.0% in the EU»

Pena il fallimento delle imprese, questi aumenti si riverbereranno sui prezzi al consumo, innescando una perfetta spirale inflattiva.

Pubblicato in: Banche Centrali, Devoluzione socialismo, Economia e Produzione Industriale, Unione Europea

Eurostat. Producer prices in industry, PPI. Una valle di lacrime.

Giuseppe Sandro Mela.

2022-01-05.

2022-01-06__ Europa PPI 001

Eurostat aggiorna mensilmente la Tabella STS_INPP_M, che pubblica poi il sei del mese.

La Tabella riporta per ogni mese il valore del PPI, espresso come variazione rispetto l’anno precedente.

Ricordiamo come il PPI indichi la variazione di prezzo praticata dai grossisti che vendono ad altri grossisti.

La Tabella non è ancora completata, ma permette tuttavia importanti considerazioni.

Degni di nota i seguenti elementi.

In primo luogo, tranne Irlanda e Malta tutti gli stati riportati hanno un PPI a due cifre. La maggior quota supera il 20%.

In secondo luogo, si noti come la differenza tra i valori di novembre e quelli di ottobre varino a uno e due punti percentuali. Ma annualizzando queste variazioni, entro un anno i valori riportati per novembre dovrebbero essere incrementati di dieci – venti punti percentuali. Per esempio, un valore ad ottobre di 20.4% dovrebbe attestarsi tra un anno al 44.4%.

* * * * * * *

Il 2 dicembre 2021 il PPI europeo valeva 21.9%, il 3 gennaio 2021 valeva 0 (zero).

Questi sono valori da Weimar.

Pubblicato in: Banche Centrali, Devoluzione socialismo

Eurostat. Nov21. Sta pubblicando dati conflittuali, difficilmente credibili.

Giuseppe Sandro Mela.

2021-12-30.

2021-12-29__ Eurostat Inflazione 001

                         In sintesi.

2021-12-29__ Eurostat Inflazione 002

– The euro area annual inflation rate was 4.9% in November 2021

– European Union annual inflation was 5.2% in November 2021

– real GDP was 5.9% lower than its level in 2019

– In 2020, EU ports handled around 3.3 billion tonnes of goods in gross weight, a substantial decrease compared with 2019 (-7%)

In October 2021, compared with October 2020, industrial producer prices increased by 21.9% in the euro area and by 21.7% in the EU

Industrial producer prices …. increased by 62.5% in the energy sector

* * * * * * *

Eurostat afferma che l’inflazione è il 4.9% nella eurozona ed il 5.2% nelle Unione Europea.

2021-12-29__ Eurostat Inflazione 003

Questi valori restano semplicemente incomprensibili alla luce dei Producer Price Index, PPI, saliti al +21.9% nella eurozona ed al 21.7% nell’Unione Europea. Dati questi sempre forniti da Eurostat. Simili aumenti dei prezzi alla produzione avrebbero dovuto generare una inflazione ben maggiore di quella segnalata.

2021-12-29__ Eurostat Inflazione 004

Solo per esempio, ricordiamo come

Germania. Prezzi alimentari +16.3% su novembre 2020. Ecco la Fame. – Destatis.

Difficile dire che l’inflazione è al 4.9%. Davvero molto difficile.

* * * * * * *


Eurostat. November 2021. Annual inflation up to 4.9% in the euro area. Up to 5.2% in the EU.

The euro area annual inflation rate was 4.9% in November 2021, up from 4.1% in October. A year earlier, the rate was -0.3%. European Union annual inflation was 5.2% in November 2021, up from 4.4% in October. A year earlier, the rate was 0.2%. These figures are published by Eurostat, the statistical office of the European Union.

* * * * * * *


Eurostat. Which EU countries had the highest GDP in 2020?

In 2020, the gross domestic product (GDP) of the EU stood at around €13 400 billion at current prices. In real terms, the EU’s GDP in 2020 was 7.6% higher than its level a decade ago. However, real GDP was 5.9% lower than its level in 2019; it was the first drop in EU GDP since 2009, when GDP declined by 4.3% compared with 2008.

The decrease in economic activity and consequently in GDP is consistent with the restrictions implemented in 2020 to slow down the spread of COVID-19. 

In 2020, slightly more than a quarter of the EU’s GDP was generated by Germany (25.1%), followed by France (17.2%) and Italy (12.3%), ahead of Spain (8.4%) and the Netherlands (6.0%).

* * * * * * *


Eurostat. Weight of goods handled by EU ports dropped by 7% in 2020

In 2020, EU ports handled around 3.3 billion tonnes of goods in gross weight, a substantial decrease compared with 2019 (-7%). This fall can be attributed to the COVID-19 pandemic and the subsequent restrictions put in place across the Member States and worldwide.

After reaching a new peak in 2019 (3.6 billion tonnes), the gross weight of goods handled in EU main ports in 2020 decreased to levels similar to 2015. The last two quarters of 2019 and all quarters of 2020 showed a negative evolution when compared with the same quarters of the previous year. The second and third quarters of 2020 were particularly hit with decreases of -13% and -8%, respectively.

* * * * * * *


Eurostat. Agricultural land prices: huge variation across the EU.

Among the EU Member States, the Netherlands recorded the highest purchase price for one hectare of arable land in the EU (on average €69 632 in 2019). The price of arable land in every region of the Netherlands was above all other available national averages in the EU. However, among the EU regions for which data are available, the highest prices for arable land were in the Spanish region of Canary Islands (an average €120 477 per hectare in 2020).

Arable land was cheapest in Croatia, with a hectare costing an average €3 440 in 2020. At the regional level, a hectare of arable land cost least in the South-West region (Yugozapaden) of Bulgaria (an average €2 051).

* * * * * * *


Eurostat. October 2021 comared with September. Industrial producer prices up by 5.4% in the euro area and by 5.0% in the EU. Up by 21.9% in the euro area and by 21.7% in the EU compared with October 2020.

In October 2021, compared with October 2020, industrial producer prices increased by 21.9% in the euro area and by 21.7% in the EU

Industrial producer prices …. increased by 62.5% in the energy sector.

Pubblicato in: Banche Centrali, Devoluzione socialismo, Unione Europea

Blocco Europeo. Prezzi alla produzione, PPI, +21.9% anno su anno. Europa kaputt. – Eurostat.

Giuseppe Sandro Mela.

2021-12-20.

2021-12-20__ Eurostat PPI 001

L’indice dei prezzi alla produzione (Producer Price Index, PPI) è un indicatore inflazionistico che misura il cambiamento medio dei prezzi di vendita praticati dai produttori nazionali di beni e servizi, dai grossisti agli altri grossisti.

Il PPI misura il cambiamento del prezzo dal punto di vista del Venditore.

Usualmente, le variazioni del PPI si ripercuotono dopo qualche mese sui prezzi al consumo, che risultano essere incrementati di un fattore variante tra il due ed il tre, a seconda dei costi di distribuzione.

2021-12-20__ Eurostat PPI 002

* * * * * * *

                         In sintesi.

– In October 2021, compared with October 2020, industrial producer prices increased by 21.9% in the euro area and by 21.7% in the EU

– Industrial producer prices …. increased by 62.5% in the energy sector

* * * * * * *

I problemi non risolti quando erano ancora piccoli e risolvibili, lasciati lì a marcire alla fine diventano venefici.

Nel blocco europeo un PPI al 21.9% è il certificato della morte del sistema economico.

Una inflazione di tale livello suggella la morte del sistema economico.

Infine, senza energia a costi accettabili i sistemi economici muoiono.

* * * * * * *


Eurostat. October 2021 comared with September. Industrial producer prices up by 5.4% in the euro area and by 5.0% in the EU. Up by 21.9% in the euro area and by 21.7% in the EU compared with October 2020.

In October 2021, industrial producer prices rose by 5.4% in the euro area and by 5.0% in the EU, compared with September 2021, according to estimates from Eurostat, the statistical office of the European Union. In September 2021, prices increased by 2.8% in the euro area and by 2.7% in the EU.

In October 2021, compared with October 2020, industrial producer prices increased by 21.9% in the euro area and by 21.7% in the EU.

* * * * * * *

                         Monthly comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in October 2021, compared with September 2021, increased by 16.8% in the energy sector, by 1.4% for intermediate goods, by 0.5% for durable and for non-durable consumer goods and by 0.4% for capital goods. Prices in total industry excluding energy increased by 0.8%.

In the EU, industrial producer prices increased by 14.9% in the energy sector, by 1.4% for intermediate goods, by 0.6% for capital goods and for non-durable consumer goods and by 0.5% for durable consumer goods. Prices in total industry excluding energy increased by 0.9%.

The highest monthly increases in industrial producer prices were recorded in Belgium (+11.2%), Italy (+9.4%) and Romania (+8.6%), while the only decreases were observed in Estonia (-2.1%), Luxembourg (-0.3%) and Sweden (-0.2%).

                         Annual comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in October 2021, compared with October 2020, increased by 62.5% in the energy sector, by 16.8% for intermediate goods, by 4.2% for durable consumer goods, by 3.9% for capital goods and by 3.4% for non-durable consumer goods. Prices in total industry excluding energy increased by 8.9%.

In the EU, industrial producer prices increased by 59.8% in the energy sector, by 17.1% for intermediate goods, by 4.6% for durable consumer goods, by 4.1% for capital goods and by 3.6% for non-durable consumer goods. Prices in total industry excluding energy increased by 9.2%.

The industrial producer prices increased in all Member States, with the highest yearly increases being registered in Ireland (+89.9%), Denmark (+39.8%) and Belgium (+34.5%).

Pubblicato in: Banche Centrali, Devoluzione socialismo, Unione Europea

Blocco Europeo. Oct21. PPI, industrial producer prices, +21.9% anno su anno.

Giuseppe Sandro Mela.

2021-12-03.

2021-12-03__ Eurozona PPI 001

                         In sintesi.

– In October 2021, compared with October 2020, industrial producer prices increased by 21.9% in the euro area and by 21.7% in the EU

– increased by 62.5% in the energy sector

– Prices in total industry excluding energy increased by 8.9%

– highest yearly increases being registered in Ireland (+89.9%), Denmark (+39.8%) and Belgium (+34.5%)

* * * * * * *

2021-12-03__ Eurozona PPI 002

Nel novembre 2020 il PPI valeva -1.9%.

Il settore energetico ha evidenziato aumenti anno su anno del 62.5%, dato incompatibile questo con ogni produzione industriale.

* * * * * * *


Eurostat. October 2021 compared with September 2021. Industrial producer prices up by 5.4% in the euro area and by 5.0% in the EU. Up by 21.9% in the euro area and by 21.7% in the EU compared with October 2020.

* * * * * * *

In October 2021, industrial producer prices rose by 5.4% in the euro area and by 5.0% in the EU, compared with September 2021, according to estimates from Eurostat, the statistical office of the European Union. In September 2021, prices increased by 2.8% in the euro area and by 2.7% in the EU.

In October 2021, compared with October 2020, industrial producer prices increased by 21.9% in the euro area and by 21.7% in the EU.

                         Monthly comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in October 2021, compared with September 2021, increased by 16.8% in the energy sector, by 1.4% for intermediate goods, by 0.5% for durable and for non-durable consumer goods and by 0.4% for capital goods. Prices in total industry excluding energy increased by 0.8%.

In the EU, industrial producer prices increased by 14.9% in the energy sector, by 1.4% for intermediate goods, by 0.6% for capital goods and for non-durable consumer goods and by 0.5% for durable consumer goods. Prices in total industry excluding energy increased by 0.9%.

The highest monthly increases in industrial producer prices were recorded in Belgium (+11.2%), Italy (+9.4%) and Romania (+8.6%), while the only decreases were observed in Estonia (-2.1%), Luxembourg (-0.3%) and Sweden (-0.2%).

                         Annual comparison by main industrial grouping and by Member State

Industrial producer prices in the euro area in October 2021, compared with October 2020, increased by 62.5% in the energy sector, by 16.8% for intermediate goods, by 4.2% for durable consumer goods, by 3.9% for capital goods and by 3.4% for non-durable consumer goods. Prices in total industry excluding energy increased by 8.9%.

In the EU, industrial producer prices increased by 59.8% in the energy sector, by 17.1% for intermediate goods, by 4.6% for durable consumer goods, by 4.1% for capital goods and by 3.6% for non-durable consumer goods. Prices in total industry excluding energy increased by 9.2%.

The industrial producer prices increased in all Member States, with the highest yearly increases being registered in Ireland (+89.9%), Denmark (+39.8%) and Belgium (+34.5%).

Pubblicato in: Banche Centrali, Devoluzione socialismo

Canada. Banca Centrale avverte. Gli immobili sono saliti anche del 73%. Bolla instabile.

Giuseppe Sandro Mela.

2021-11-30.

Canada 005

«→→ Fear is not a good motivator when you’re buying a house ←←»

* * * * * * *

«Canadian housing prices are set to surge again in the coming months as investors and first-time buyers scramble to buy before interest rates go up, ignoring a warning from the Bank of Canada that there is a high risk of a sudden price drop»

«Those conditions could “expose the market to a higher chance of a correction,”»

«Whenever interest rates start rising, people get into the market, including investors. So you will see an acceleration in activity over the next few months»

«Canadian house prices skyrocketed 31.6% year-over-year in March to hit a record high before softening a bit over the summer»

«Fitch has pegged Toronto’s housing market at 32% overvalued and Vancouver’s at 23%. Moody’s Analytics also has Vancouver 23% overvalued, Toronto 40% and Hamilton, Ontario, 73%»

«The average price of a home in Toronto, Canada’s biggest city, hit C$1.2 million ($947,493) in October, up 19.3% from the previous year»

«prices have climbed 77% nationwide since he [Canadian Prime Minister Justin Trudeau] took office in 2015»

«→→ Fear is not a good motivator when you’re buying a house ←←»

«The Bank of Canada said investor buying has doubled since the onset of the COVID-19 pandemic»

* * * * * * *


«The price of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), increased 1.0% month over month in September and 14.9% compared with the same month in 2020 ….

Compared with September 2020, the RMPI [Raw Materials Price Index] rose 31.9%, driven upward mainly by prices of conventional crude oil (+79.2%), synthetic crude oil (+77.6%) and canola (+76.6%).» [Statistics Canada]

Il Canada è in stagflazione, con un indice PPI di 14.9%.

In una simile situazione, i piccoli risparmiatori non sanno più a quale santo votarsi, per salvare almeno parzialmente i propri risparmi.

La Banca Centrale del Canada ha lanciato un warning, esortando a non farsi prendere dalla paura e dalla fretta. Non prevede un crollo imminente, ma un ridimensionamento apparirebbe essere verosimile.

* * * * * * *


Up, up, up: Canada house prices poised to surge again despite central bank warning

Ottawa, Nov 24 (Reuters) – Canadian housing prices are set to surge again in the coming months as investors and first-time buyers scramble to buy before interest rates go up, ignoring a warning from the Bank of Canada that there is a high risk of a sudden price drop.

Central bank Deputy Governor Paul Beaudry told would-be home buyers on Tuesday to consider if it is a “good time to buy or not,” pointing to market frothiness in certain cities and renewed investor activity.

Those conditions could “expose the market to a higher chance of a correction,” he said.

The Bank of Canada last month signaled the overnight rate, currently at a record low 0.25%, could start rising in the “middle quarters” of 2022. Another rush to buy is probably already under way, analysts said.

“Whenever interest rates start rising, people get into the market, including investors. So you will see an acceleration in activity over the next few months,” said Benjamin Tal, deputy chief economist at CIBC Capital Markets.

Canadian house prices skyrocketed 31.6% year-over-year in March to hit a record high before softening a bit over the summer. Prices are now accelerating again, with October’s average price barely below the March peak.

Ratings agencies are taking notice. Fitch has pegged Toronto’s housing market at 32% overvalued and Vancouver’s at 23%. Moody’s Analytics also has Vancouver 23% overvalued, Toronto 40% and Hamilton, Ontario, 73%.

The average price of a home in Toronto, Canada’s biggest city, hit C$1.2 million ($947,493) in October, up 19.3% from the previous year, and detached homes now average C$1.5 million.

Canadian Prime Minister Justin Trudeau has pledged to act on the runaway market, but critics note prices have climbed 77% nationwide since he took office in 2015.

Toronto mortgage broker Ron Butler says he is getting busier by the hour with clients desperate to get into the market.

“We see it, literally, hourly here … people who have simply given up and say: ‘The prices are going to go up forever, I have to buy now,'” he said.

Butler said he is working with one longtime Toronto renter who has been waiting years for prices to fall so he could get into the market. Now he is buying an hour’s drive west in Hamilton because he is worried he will never own a home otherwise.

Fear “is not a good motivator when you’re buying a house,” said Butler, adding that investors too are increasingly gripped by the “fear of missing out,” or FOMO.

                         ‘RUSH TO BEAT RATE HIKES’.

Butler estimates that investors – those who buy properties to rent out or to hold for speculative gains – make up about 25% of housing demand at this point, with that number far higher in major cities and particularly in pre-sale condo markets.

The Bank of Canada said investor buying has doubled since the onset of the COVID-19 pandemic, but economists see demand holding up.

“We don’t expect a collapse. But we see prices being close to flat next year,” said Jimmy Jean, chief economist at Desjardins Group in Montreal, adding that demand is expected to remain “pretty decent,” pointing to strong immigration.

Doug Porter, chief economist at BMO Capital Markets, also expects a short-term “rush to beat rate hikes,” but then only a moderate pullback in markets that were supercharged by the pandemic.

“The history of the last 15 years has been cluttered with those calling for a crash in the Canadian housing market to be proved wrong time and time again,” Porter said.

Pubblicato in: Banche Centrali, India

India. Vorrebbe bloccare le criptovalute. Herr Hjalmar Schacht torna di attualità.

Giuseppe Sandro Mela.

2021-11-30.

Schacht Hjalmar 001

«India seeks to block most cryptocurrencies in new bill»

«The government will allow only certain cryptocurrencies to promote the underlying technology and its uses»

«India is also looking to make a framework for the official digital currency issued by the Reserve Bank of India»

«India is looking to bar most private cryptocurrencies when it introduces a new bill to regulate virtual currencies»

«Through the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, India is also looking to make a framework for the official digital currency that will be issued by the Reserve Bank of India»

«The central bank has voiced “serious concerns” about private cryptocurrencies»

«Bitcoin, the world’s biggest cryptocurrency, is hovering around $60,000, and its price has more than doubled since the start of this year, attracting hordes of local investors»

«there are 15 million to 20 million crypto investors in India, with total crypto holdings of around 400 billion rupees ($5.39 billion)»

«But a senior government official told Reuters that the plan is to ban private crypto assets»

* * * * * * *

Cina. Dichiarate illegali le criptovalute e le loro transazioni. Un gran bel siluro.

«Nessuno stato sovrano può permettersi che una valuta non propria possa liberamente circolare, essere utilizzata per transazioni, ma a volumi e con prezzi di cambio stabiliti da realtà extraterritoriali»

* * *

Tutto il mondo è in piena stagflazione.

Di giovedì la notizia che la Spagna ha un PPI, indice dei prezzi alla produzione (Producer Price Index, PPI) del 31.9%.

I vari stati si stanno dando un gran da fare per ‘addolcire’ i macrodati quali il pil ed il PPI, ma i Consumatori esperiscono gli aumenti dei prezzi quando comprano qualcosa, a partire dagli alimentari.

Le banche centrali hanno accumulato debiti sovrani da capogiro ed hanno immesso nel sistema economico fantastiche quantità di liquidità: è un sistema che non può durare in eterno.

Da molti punti di vista sembrerebbe profilarsi un qualcosa che ricorderebbe i Mefo ideati a suo tempo da Herr Hjalmar Schacht. Obbligazioni fantasma di esclusivo uso interno, grazie alle quali la Reichsbank riuscì ad ottenere il contenimento dell’iperinflazione ed a riportare in pareggio il bilancio statale.

Il vero problema è che nel quadro mondiale di gente della levatura di Herr Hjalmar Schacht sembrerebbe non vederne nessuno.

* * *


India seeks to block most cryptocurrencies in new bill, government says.

– The government will allow only certain cryptocurrencies to promote the underlying technology and its uses, according to a legislative agenda for the winter Parliament session.

– Through the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, India is also looking to make a framework for the official digital currency issued by the Reserve Bank of India.

– Prime Minister Narendra Modi chaired a meeting to discuss the future of cryptocurrencies amid concerns that unregulated crypto markets could become avenues for money laundering and terror financing, sources said.

* * *

India is looking to bar most private cryptocurrencies when it introduces a new bill to regulate virtual currencies in the winter session of Parliament, the government said late on Tuesday.

The government will allow only certain cryptocurrencies to promote the underlying technology and its uses, according to a legislative agenda for the winter session that is set to start later this month.

Through the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, India is also looking to make a framework for the official digital currency that will be issued by the Reserve Bank of India.

The central bank has voiced “serious concerns” about private cryptocurrencies and is set to launch its own digital currency by December.

Bitcoin, the world’s biggest cryptocurrency, is hovering around $60,000, and its price has more than doubled since the start of this year, attracting hordes of local investors.

No official data is available but industry estimates suggest there are 15 million to 20 million crypto investors in India, with total crypto holdings of around 400 billion rupees ($5.39 billion).

Earlier this year, India’s government considered criminalizing the possession, issuance, mining, trading and transference of crypto assets, but a bill was not introduced

Since then, the government has changed its stance slightly and is now looking to discourage trading in cryptocurrencies by imposing hefty capital gains and other taxes, two sources told Reuters this month.

But a senior government official told Reuters that the plan is to ban private crypto assets ultimately while paving the way for a new Central Bank Digital Currency (CBDC).

Prime Minister Narendra Modi chaired a meeting to discuss the future of cryptocurrencies amid concerns that unregulated crypto markets could become avenues for money laundering and terror financing, sources told Reuters separately.

Pubblicato in: Devoluzione socialismo, Economia e Produzione Industriale

Germania. Oct21. PPI, producer prices, +18.4% anno su anno. Germania Kaputt.

Giuseppe Sandro Mela.

2021-11-22.

2021-11-20__ Germania PPI 001

                         In sintesi.

– Prices of intermediate goods increased by 18.1% compared to October 2020

– Energy prices as a whole were up 48.2% compared to October 2020

– price increase of natural gas (distribution) which was +81.4% on October 2020 and electricity (+49.6%)

– metals’ prices which were 37.8% up on October 2020

– Prices of metallic steel and ferro-alloys increased by 56.4%

– Prices of non-ferrous metals were up 29.8%

– aluminium prices 67.4% up

– non-metal secondary raw materials (+95.7%)

– sawn timber (91.8%)

– prices of prepared animal feeds were 22.6% up

– Prices of crude vegetable oils were up 48.3%

– butter prices rose by 18.8%,

* * * * * * *

2021-11-20__ Germania 002

Questi aumenti alla produzione strangolerebbero la più florida delle economie.

Ed i prezzi sono così alti a causa dei prelievi fiscali volti a finanziare le energie alternative.

La Germania è kaputt: si sta suicidando.

* * * * * * *


Destatis. Producer prices in October 2021: +18.4% on October 2020.

                         Producer prices of industrial products (domestic market), October 2021

+3.8% on the previous month

+18.4% on the same month a year earlier

* * * * * * *

Wiesbaden – In October 2021, the index of producer prices for industrial products increased by 18.4% compared with October 2020. As reported by the Federal Statistical Office this was the highest increase compared to the corresponding month of the preceding year since November 1951 (+20.6%). Compared with the preceding month September 2021 the overall index rose by 3.8% in October 2021.

Mainly responsible for the increase of producer prices compared to October 2020 was the price increase of energy.

                         Strong increase in prices for all energy sources

Energy prices as a whole were up 48.2% compared to October 2020 and by 12.1% compared to September 2021. Mainly responsible for the high rise of energy prices was the strong price increase of natural gas (distribution) which was +81.4% on October 2020 and electricity (+49.6%).

The overall index disregarding energy was 9.2% up on October 2020.

                         Significant price increase on intermediate goods, especially regarding metals, secondary raw materials and wood

Prices of intermediate goods increased by 18.1% compared to October 2020. Compared to September 2021 these prices were up 0.9%. The highest impact on the price development of intermediate goods had the increase of metals’ prices which were 37.8% up on October 2020. Prices of metallic steel and ferro-alloys increased by 56.4%. Prices of non-ferrous metals were up 29.8%, aluminium prices 67.4% up. Compared to September 2021, prices of unwrought aluminium rose by 13.1%.

Especially high were the price increases of non-metal secondary raw materials (+95.7%) and of sawn timber (91.8%) whose prices fell by 9.9% compared to the previous month September 2021. Prices for plastics in primary forms were up 23.2% compared to October 2020, prices of prepared animal feeds were 22.6% up, cereal flour prices 16.1% up.

Prices of durable consumer goods increased by 3.4% compared to October 2020, mainly caused by the price development of furniture (+4.3%). Prices of capital goods, such as machines and vehicles, rose by 3.2%, mainly driven by the price development of structural metal products (+14.4%) and of tanks, reservoirs and containers of metal (+10.6%).

                         Growth in prices of non-durable consumer goods mainly due to increasing prices for oils and fat

Prices of non-durable consumer goods increased by 3.0% compared to October 2020 and rose by 0.5% compared to September 2021. From October 2020 to October 2021 food prices increased by 3.7%. Prices of crude vegetable oils were up 48.3%, butter prices rose by 18.8%, beef prices by 14.2%. Prices of bread, fresh pastry goods and cakes increased by 3.7%. By contrast, pork prices were down 5.1%.

Pubblicato in: Banche Centrali, Devoluzione socialismo

Germania. Sept21. PPI, Producer prices Index, +14.2%. – Destatis.

Giuseppe Sandro Mela.

2021-10-23.

2021-10-21__ Germania PPI 001

                         In sintesi.

– +14.2% on the same month a year earlier

– Energy prices as a whole were up 32.6% compared to September 2020

– strong increase regarding natural gas (distribution) which was +58.9% on September 2020

– overall index disregarding energy was 8.6% up on September 2020

– Prices of intermediate goods increased by 17.4% compared to September 2020

– Compared to September 2020 intermediate goods’ prices increased especially regarding sawn timber (+118%)

– sawn timber (+118%), wooden packaging materials (+92.5%), secondary raw materials (+87.2%), reinforcing steel in bars (+81.8%), raw materials (+96.8%), fertilisers and nitrogen compounds (+21.1%), cereal flour prices were up 9.6%, structural metal products (+13.6%)

– Prices of crude vegetable oils were up 43.8%, butter prices rose by 15.5%, beef prices by 11.3%

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Number of persons employed in manufacturing in August 2021: -0.8% year on year.

Mercedes-Benz fa fagotto e si trasferisce in Cina, che chiama ‘nuova Patria’

Questa è una inflazione galoppante, associata a stasi della produzione industriale: in altre parole, stagflazione.

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Destatis. Producer prices in September 2021: +14.2% on September 2020.

                         Producer prices of industrial products (domestic market), September 2021

+2.3% on the previous month

+14.2% on the same month a year earlier

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Wiesbaden – In September 2021, the index of producer prices for industrial products increased by 14.2% compared with September 2020. As reported by the Federal Statistical Office this was the highest increase compared to the corresponding month of the preceding year since October 1974 (+14.5%), when prices rose strongly during the first oil crisis. Compared with the preceding month August 2021 the overall index rose by 2.3% in September 2021.

Mainly responsible for the increase of producer prices compared to September 2020 was the price increase of energy.

                         Strong increase in prices for all energy sources

Energy prices as a whole were up 32.6% compared to September 2020 and by 8.0 compared to August 2021. Mainly responsible for the high rise of energy prices was the strong increase regarding natural gas (distribution) which was +58.9% on September 2020.

The overall index disregarding energy was 8.6% up on September 2020.

                         Significant price increase on intermediate goods, especially regarding wood, secondary raw materials and metals

Prices of intermediate goods increased by 17.4% compared to September 2020. Compared to August 2021 these prices were up 0.6 %. Compared to September 2020 intermediate goods’ prices increased especially regarding sawn timber (+118%) whose prices decreased by 2.0% from August 2021. Especially high were the price increases of wooden packaging materials (+92.5%), secondary raw materials (+87.2%) and reinforcing steel in bars (+81.8%). Metal prices were up 35.5% compared to September 2020. Prices of metallic steel and ferro-alloys increased by 59.8%, prices of non-ferrous metals were up 21.1%. Also in September the main reasons for the rise in steel and wood prices are likely to be increasing demand in Germany and abroad, problems in the supply of raw materials and sharp increases of import prices for iron ore in the past months (+96.8% from August 2020 to August 2021). Also prices for plastics in primary forms showed a strong plus compared to September 2020 (+22.2%) as well as fertilisers and nitrogen compounds (+21.1%).  Cereal flour prices were up 9.6%. Only few prices of intermediate goods fell compared to September 2020, two of them being wood in chips and particles (-14.7%) and precious metals (-7.2%).

Prices of durable consumer goods increased by 3.2% compared to September 2020, mainly caused by the price development of furniture (+3.9%). Prices of capital goods, such as machines and vehicles, rose by 2.8%, mainly driven by the price development of structural metal products (+13.6%) and of tanks, reservoirs and containers of metal (+10.1%).

                         Growth in prices of non-durable consumer goods mainly due to increasing prices for oils and fat

Prices of non-durable consumer goods increased by 2.2% compared to September 2020, but remained unchanged compared to August 2021. From September 2020 to September 2021 food prices increased by 2.8%. Prices of crude vegetable oils were up 43.8%, butter prices rose by 15.5%, beef prices by 11.3%. Prices of bread, fresh pastry goods and cakes increased by 3.9%. By contrast, pork prices were down 5.5% and processed potatoes 2.2%.

Pubblicato in: Devoluzione socialismo, Economia e Produzione Industriale, Unione Europea

Blocco Europeo. Settembre21. Immatricolazioni auto crollate di più di un quarto, anno su anno.

Giuseppe Sandro Mela.

2021-10-18.

2021-10-16__ Blocco Europeo Immatricolazioni Auto 001

La Associazione europea dei costruttori di automobili (ACEA) ha rilasciato le statistiche sulle immatricolazioni di automobili nel settembre 2021.

Per il terzo mese consecutivo le immatricolazioni precipitano del +34.4% nel Regno Unito, del -32.7% in Italia, del -25.7% in Germania, e del -20.5% in Francia.

In tutte le nazioni considerate, a settembre si evidenzia un decremento maggiore di quello riportato a luglio.

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Questo dato non dovrebbe stupire.

Il PPI, Producer Price Index, vale 11.0% nel Regno Unito, il 12% in Germania, e l’11.6% in Italia.

Europa. La stagflazione è in casa per rimanervi. Se ne pigli atto.

Eurozona. Il cigno nero della stagflazione volteggia come un avvoltoio.

ECB. Weidmann e Wunsch votano contro la Lagarde sui tassi di interesse.

Mondo. Stagflazione. Il cigno nero ha fatto il nido. – Financial Times.

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Questi sono i dati.

Poi, ciascuno se li interpreti come meglio gli aggradi.

Salta però agli occhi come i Cittadini di queste grandi nazioni intendano risparmiare procrastinando il cambio delle autovetture a tempi migliori.

Questi però non sono decrementi, bensì crolli belli e buoni.

Al risparmio operato dai Cittadini si contrappone la rimarchevole perdita subita dai produttori di autoveicoli, perdita che alla fine si riverbererà in una ulteriore riduzione del gettito fiscale ed il ridimensionamento dell’occupazione nel settore. Per non parlare del danno attuale sull’indotto.

E mentre questi fatti accadono sotto gli occhi di tutti, Lagarde e von der Leyen continuano a parlare di ‘clima’, ‘green deal’ ed ‘lgbt’.