The Journal of Commerce Announces Changes to Industrial Price Index.NEW YORK--(BUSINESS WIRE)--Nov. 22, 1999-- Economic Cycle Research Institute, newspaper announce venture The Journal of Commerce, the daily journal covering international trade and transportation, announced that a new Industrial Materials Price Index, a leading indicator Leading Indicator A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators are used to predict changes in the economy, but are not always accurate. of inflation, will debut in the paper on Jan. 3. The new JOC-ECRI Industrial Materials Price Index, replacing the index which has appeared in the paper since 1986, will be a joint venture between The Journal of Commerce and the New York-based Economic Cycle Research Institute, which specializes in leading indicators. The new index will be based on prices of 18 commodities. "The changes are necessary to reflect changes in the U.S. economy which have occurred since the index was last revised in 1994, as well as improved methodology for putting the index together," said Anirvan Banerji, co-director of research at the Economic Cycle Research Institute. "We are changing the ingredients and the recipe, as well as the name, but the new index will continue to reflect a continuity of philosophy." One of the components added to the new index is nickel nickel, metallic chemical element; symbol Ni; at. no. 28; at. wt. 58.69; m.p. about 1,453°C;; b.p. about 2,732°C;; sp. gr. 8.902 at 25°C;; valence 0, +1, +2, +3, or +4. , an increasingly important metal, for which demand has increased 80% in the last decade. Most nickel goes into stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. , but the metal has some 300,000 applications in construction, structural elements Structural elements are used in structural analysis to simplify the structure which is to be analysed. Structural elements can be linear, surfaces or volumes. Linear elements:
Printcloth, previously a component of the index is no longer included. Additional information on the JOC-ECRI Industrial Materials Price Index can be found at www.joc-ecri.com. The Journal of Commerce is owned by the Journal of Commerce Group, a wholly-owned subsidiary of The Economist Group, London. The Journal of Commerce Group is the leading provider of information on trade and logistics. Its businesses also include the magazines Traffic World and Air Cargo air cargo: see aviation. World; websites, including The Journal of Commerce Online (www.joc.com); and the Port Import/Export Reporting Service (PIERS), which provides data on imports and exports as well as various directory products. The Journal of Commerce is headquartered at 2 World Trade Center, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10048 (Tel: 212-837-7000). |
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