Rising Import Prices of Industrial Raw Materials

World market prices of industrial raw materials will further decline in 1992 (–4 percent) before rising with the cyclical recovery in 1993. Austrian import prizes of industrial raw materials have already started moving upwards thereby reversing the trend of the last quarters when they fell more markedly than world market quotations. The latter will be declining in 1992 for the major commodities except for wool, zinc, tin and probably aluminium whereas 1993 should see a rebound at double-digit rates across the board.