- China: Industrial Profits (Mar); Philippines: Tourist Arrivals (Feb); Korea: GDP (Q1)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts and Statistical Balance Sheet (Mar); Australia: Import and Export Price Indexes (Q1)
- Japan: Input Output Prices, International Trade, Lease Contracts (Mar), First 10 Days Trade (Apr)
- France: INSEE Household Survey (Apr), Registered Unemployed & Job
- more updates...
Economy in Brief
U.S. Gasoline Prices Are Little-Changed; Crude Oil Falls
Regular gasoline prices of $2.45 per gallon last week (13.3% y/y)...
Japan's METI Indexes Show Ongoing Gains
The services sector is assessed by the METI indexes where it is named the 'tertiary sector.' That sector index rose to 104.1 in February...
U.S. New Home Sales & Prices Strengthen
Sales of new single-family homes increased 5.8% (15.6% y/y) during March to 621,000...
U.S. Consumer Confidence Backpedals
The Conference Board Consumer Confidence Index fell 3.7% during April (+27.0% y/y) to 120.3...
U.S. FHFA House Price Index Regains Strength
The FHFA U.S. house prices increased 0.8% during February (6.5% y/y)...
French Manufacturing and Service Sectors Weaken But Stay on Trend or Hold Recent Gains
The French manufacturing sector trend index is down to 1 in April from 3 in March...
by Tom Moeller January 14, 2016
Import prices declined 1.2% during December (-8.2% y/y) following a 0.5% November easing, revised from -0.4%. A 1.4% decline had been expected in the Action Economics Forecast Survey. Petroleum prices fell 10.0% following a 3.6% decline, revised from -2.5%. Nonpetroleum import prices were off 0.4% (-3.7% y/y) after an unrevised 0.3% drop. These prices have not risen m/m since March of 2004. A 1.4% decline (-12.5% y/y) in prices of nonoil supplies & materials led the way lower followed by a 0.3% drop (-2.5% y/y) in capital goods prices. Foods, feeds & beverage prices eased 0.1% (-5.2% y/y) as did prices for automotive vehicles & parts (-1.9% y/y). Nonauto consumer goods prices slipped 0.1% (-0.8% y/y) for a second straight month.
Export prices were off 1.1% last month (-6.5% y/y) after a 0.7% decline, revised from -0.6%. Expectations had been for a 0.5% shortfall. A 2.9% decline (-15.4% y/y) in industrial supplies & materials prices led the way lower. Building materials prices, however, increased 0.8% (-5.4% y/y), the third straight month of gain. Excluding fuels & building materials costs, export prices fell 1.4% (-9.1% y/y). Foods, feeds & beverages prices were off 1.1% (-13.3% y/y) and capital goods costs eased 0.2% (-0.4% y/y). Automotive vehicles & parts prices remained unchanged (-0.4% y/y) and nonauto consumer goods prices were off 0.4% (-2.4% y/y).
The import and export price series can be found in Haver's USECON database. Detailed figures are available in the USINT database. The expectations figure from the Action Economics Forecast Survey is in the AS1REPNA database.
Economic Conditions and Monetary Policy in a Changing World is Monday's speech by Dallas Fed President Robert Steven Kaplan and it can be found here.
|Import/Export Prices (NSA, %)||Dec||Nov||Oct||Dec Y/Y||2015||2014||2013|
|Imports - All Commodities||-1.2||-0.5||-0.4||-8.2||-10.2||-1.1||-1.1|
|Exports - All Commodities||-1.1||-0.7||-0.2||-6.5||-6.3||-0.5||-0.4|