Economics?

As you might know, Sunday mornings are for reading the Saturday Times in our home. In the business section my eye caught two little articles underneath the recap news headline: Economics.

 1) Factory Gate Prices UP - 0.6 % in April, rose more sharply than expected. (Factory gate prices = goods going out of a factory.)

2) Manufacturers Costs Down - 1% in April to 5% lower than a year ago, in the steepest annual decline for 7 years. (Manufacturers Costs = goods going in a factory.)

Now that's what I call proper economics: increase your profit at both ends.

(Side-note: also in the Times this morning I read an article about poor customer care, big retailer blames manufacturer for poor serivce. Because it concerned flooring I turned it into a promotion post on Wood You Like's FAQ & News blog, see here. We're proud to be a small and independent retailer who takes customer care very serious!)