- US: GDP & Corporate Profits (Q4, 3rd release)
- Canada: Industrial Products & Raw Material Prices (Feb)
- Spain: Flash HICP and CPI, Construction Business Survey Press (Mar)
- Euro area: EC Business and Consumer Surveys (Mar)
- Belize: GDP (Q4)
- Chile: IP (Feb); Brazil: Retail Trade - Rebased 2014=100 (Jan)
- Croatia: Employment, Retail Trade Press (Feb), Earnings (Jan); Bulgaria: PPI (Feb); Montenegro: Wages (Feb); Latvia: Retail Trade (Jan); Lithuania: External Debt Service (Q4);
- more updates...
Economy in Brief
U.S. Initial Claims for Unemployment Insurance Ease
Initial jobless insurance applications fell to 258,000 (-3.1% y/y) during the week ended March 25...
U.S. Pending Home Sales Jump
The NAR reported that pending home sales increased 5.5% in February to an index level of 112.3...
U.S. Mortgage Loan Applications Remain Little Changed; Variable Rate Apps Surge
The MBA total Mortgage Market Volume Index slipped 0.8% last week (-12.4% y/y)...
La Dolce Vita? Italian Confidence Bumps Higher
Italian business and consumer confidence moved higher in March...
U.S. Consumer Confidence Improves Significantly
The Conference Board Consumer Confidence Index for March strengthened 8.2% (30.7% y/y) to 125.6...
U.S. Energy Product Prices Remain Under Pressure
Regular gasoline prices held steady at $2.32 per gallon last week (12.1% y/y) for the third straight week...
by Tom Moeller February 12, 2016
Import prices declined 1.1% during January (-6.2% y/y), the same as in December, revised from -1.2%. A 1.5% decline had been expected in the Action Economics Forecast Survey. Petroleum prices fell 13.4% (-35.3% y/y) following a 9.2% drop, revised from -10.0%. Nonpetroleum import prices were off 0.2% (-3.1% y/y) after an unrevised 0.4% shortfall. These prices have not risen m/m since March of 2004. A 1.4% decline (-12.0% y/y) in prices of nonoil industrial supplies & materials led the way lower followed by a 0.2% drop (-2.4% y/y) in capital goods prices. Foods, feeds & beverage prices improved 0.6% (-3.3% y/y). Prices of automotive vehicles & parts gained 0.2% (-1.9% y/y). Nonauto consumer goods prices edged 0.1% higher (-0.3% y/y), continuing five months of little change.
Export prices were off 0.8% last month (-5.7% y/y) after an unrevised 1.1% drop. Expectations had been for a 0.6% shortfall. A 2.0% decline (-12.8% y/y) in industrial supplies & materials prices led the way lower. Building materials prices, however, increased 0.3% (-5.2% y/y), the fourth straight month of gain. Excluding fuels & building materials costs, export prices fell 0.3% (-8.6% y/y). Foods, feeds & beverages prices were off 1.6% (-13.0% y/y) and capital goods costs eased 0.1% (-0.7% y/y). Automotive vehicles & parts prices gained 0.1% (-0.4% y/y) and nonauto consumer goods prices were off 0.4% (-2.2% y/y). Agricultural prices fell 1.1% (-12.7% y/y) and nonagricultural costs declined 0.8% (-5.0% 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.
|Import/Export Prices (NSA, %)||Jan||Dec||Nov||Jan Y/Y||2015||2014||2013|
|Imports - All Commodities||-1.1||-1.1||-0.6||-6.2||-10.2||-1.1||-1.1|
|Exports - All Commodities||-0.8||-1.1||-0.7||-5.7||-6.3||-0.5||-0.4|