- UK: International Trade, Construction Output **Revisions and Change in Base Year to 2012=100** (Aug)
- US: Avg Temperature and Avg Precipitation (Sep)
- Canada: Business Outlook Survey, Senior Loan Officer Survey (Q3); Labor Force Survey (Sep)
- US: CEO Confidence Index (Q3)
- US: Wholesale Trade (Aug), Import/Export Prices (Sep)
- US: Import Export Prices Detail (Sep)
- Turkey: Bank Loans Tendency Survey (Q3); South Africa: House
- more updates...
Economy in Brief
U.S. Wholesale Inventory Accumulation Continues to Strengthen
Inventories at the wholesale level increased 0.9% during June (5.4% y/y) following a 0.6% May gain...
UK Trade Trends Show Deterioration
In August U.K trade data are relatively upbeat as exports rise 3.5% overall and imports fall by 0.7%...
U.S. Initial Unemployment Insurance Claims Fall to Summer Low
Initial claims for unemployment insurance declined to 263,000 (-11.6% y/y) during the week ended October 3rd...
OECD LEIs Show Widespread Slowing
The OECD area shows a step down to 99.9 from 100 demonstrating sub-normal growth....
U.S. Consumer Credit Usage Slows Further
Consumer credit outstanding increased $16.02 billion (6.8% y/y) during August following an $18.94 billion July rise...
U.S. Mortgage Loan Applications Surge as Interest Rates Fall Further
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index jumped 25.5% last week (52.4% y/y)...
by Tom Moeller October 9, 2015
Import prices eased 0.1% during September (-10.7% y/y) following a revised 1.6% drop during August, revised from -1.8%. A 0.5% decline had been expected in the Action Economics Forecast Survey. A 1.1% increase (-46.1% y/y) in petroleum prices was the first rise in three months. Nonpetroleum import prices slipped 0.2% (-3.3% y/y). Prices have not risen m/m since March of last year. A 0.8% decline (-3.1% y/y) in foods, feeds & beverages costs led the total downward. Nonoil supplies & materials prices declined 0.6% (-10.6% y/y). Capital goods prices followed with a 0.1% dip (-2.3% y/y). Motor vehicle & parts costs remained unchanged (-1.4% y/y) but nonauto consumer goods prices edged 0.1% higher (-1.1% y/y), the first increase since February.
Export prices fell 0.7% (-7.4% y/y) following a 1.4% drop. Expectations had been for a 0.6% decline. A 1.7% shortfall (-17.1% y/y) in industrial supplies & materials prices led the way lower. This decline reflected lower fuels & building materials prices, without which prices fell 0.5% (-8.8% y/y). Foods, feeds & beverages prices fell 1.1% (-4.3% y/y) and nonauto consumer goods prices declined 0.2% (-2.8% y/y). Automotive vehicles & parts prices eased 0.1% (-0.3% y/y) and capital goods prices remained unchanged, both m/m and y/y.
The import and export price series can be found in Haver's USECON database. Detailed figures, including the industrial materials excluding petroleum imports and the petroleum export items mentioned above, are available in the USINT database. The expectations figure from the Action Economics Forecast Survey is in the AS1REPNA database.
The minutes to the latest FOMC meeting can be found here
|Import/Export Prices (NSA, %)||Sep||Aug||Jul||Sep Y/Y||2014||2013||2012|
|Imports - All Commodities||-0.1||-1.6||-1.0||-10.7||-1.1||-1.1||0.3|
|Exports - All Commodities||-0.7||-1.4||-0.4||-7.4||-0.5||-0.4||0.4|