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The eBearing News
February 18, 2009
Ball Bearing Wholesale Price Index Down 1% in India
copyright © 2009 eBearing Inc.
The Government of India's Wholesale Price Index for January 2009 fell 0.2% overall,
signaling continued weakness in the manufacturing sector.
The portion of the Index tied to "Machinery and Machine Tools" rose 0.2%.
However, the ball bearing manufacturing component fell by a dramatic 1%, seen as a likely
indicator of prolonged struggles for India's bearing manufacturers looking
to recoup higher materials and operating costs.
India's figures are significant because the country is often the low-cost
producer for ball bearings, and because its bearing industry is the
market economy stand-in for China's bearing industry (as a non-market economy)
when the U.S. performs antidumping calculations.
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