Features

Money Minute Wednesday 11 September: Galliford Try and US factory gate prices

In Wednesday’s Money Minute, UK construction group Galliford Try publishes its annual results, and the US issues August’s Producer Price Index data.

Welcome to Wednesday's Money Minute in which we preview the big stories of the day in just 60 seconds.

It's a quiet day ahead of the frenzy that will accompany the European Central Bank's latest interest-rate decision tomorrow.

In the UK, construction group Galliford Try is reporting its annual results for the year to 30 June. Profits are expected to meet market expectations, but the focus will be on the outlook. Expect to hear lots of references to Brexit uncertainty.

Later, in the US, we get Producer Price Index data for the month of August. This shows how rapidly the prices of goods bought and sold by manufacturers are rising. This is sometimes known as "pipeline" inflation if costs for companies are going up then eventually those costs are likely to be passed on to consumers.

For now, US producer prices appear to be broadly under control, despite the ongoing trade wars and increases in tariffs on imports from China. That's partly because the Chinese currency has weakened against the dollar.

In July, the "core" PPI figure rose by 2.1% year on year, and it's not expected to have changed much in August.

Recommended

UK inflation is at a 30-year high and it hasn’t peaked yet
Inflation

UK inflation is at a 30-year high and it hasn’t peaked yet

UK inflation has hit 5.4% - its highest in 30 years. And it could be heading higher. John Stepek explains what it means for you and your money.
19 Jan 2022
The UK jobs market is booming – but wages are struggling to keep up with prices
UK Economy

The UK jobs market is booming – but wages are struggling to keep up with prices

Britain’s jobs market is booming, with wages rising and plenty of of vacancies. But inflation is rising faster than wages can keep up. John Stepek loo…
18 Jan 2022
Amazon halts plans to ban UK Visa credit card payments
Personal finance

Amazon halts plans to ban UK Visa credit card payments

Amazon has said that it is to shelve its proposed ban on UK customers making payments with Visa credit cards.
17 Jan 2022
The difference between CPI and RPI inflation - and why it matters
Inflation

The difference between CPI and RPI inflation - and why it matters

The consumer price index (CPI) and retail price index (RPI) are both important indicators of inflation. But what is the difference and why do they mat…
17 Jan 2022

Most Popular

Five unexpected events that could shock the markets in 2022
Stockmarkets

Five unexpected events that could shock the markets in 2022

Forget Covid-19 – it’s the unexpected twists that will rattle markets in 2022, says Matthew Lynn. Here are five possibilities
31 Dec 2021
US inflation is at its highest since 1982. Why aren’t markets panicking?
Inflation

US inflation is at its highest since 1982. Why aren’t markets panicking?

US inflation is at 7% – the last time it was this high interest rates were at 14%. But instead of panicking, markets just shrugged. John Stepek explai…
13 Jan 2022
Tech stocks teeter as US Treasury bond yields rise
Tech stocks

Tech stocks teeter as US Treasury bond yields rise

The realisation that central banks are about to tighten their monetary policies caused a sell-off in the tech-heavy Nasdaq stock index and the biggest…
14 Jan 2022