- Korea: GDP (Q4); Thailand Auto Sales (Feb)
- Turkey: Capacity Utilization, Business Tendency survey (Mar); South Africa: Tourism & Migration (Jan), Manufacturing Survey (Q1)
- Croatia: Tourism (Jan); Montenegro: Foreign Trade (Feb); Czech Republic: CPI by COICOP (Feb), Registered Employment (Q4); Kazakhstan: Loans & Deposits (Feb); Slovenia: Business Cycle Indicators (Mar); Russia: Employment by Industry (Q4);
- more updates...
Economy in Brief
Texas Factory Sector Activity Remains Strong
The Dallas Fed indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index eased during March...
EMU Money and Credit Growth Are Less Than Impressive Than Euro-PMIs
EMU nominal money supply growth is slightly higher over three months, but credit growth in the EMU is slower...
Durable Goods Orders Strengthened by Another Jump in Aircraft
New orders for durable goods rose 1.7% (5.0% y/y) during February...
Correction to Unemployment Insurance Weekly Claims
The Department of Labor has issued a correction to yesterday's annual revision to seasonally adjusted weekly unemployment claims...
EMU PMIs Are Off to the Races...Farewell Mediocrity?
The PMI rankings for the manufacturing and service sector PMIs in the EMU are suddenly off the chart...
U.S. New Home Sales Improve While Prices Decline
Sales of new single-family homes increased 6.1% (12.8% y/y) during February to 592,000 units (AR)...
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|