- Weekly: **Unemployment Initial Claims Data have been revised**
- US: Housing Starts by State and Region (Feb)
- CPB World Trade Monitor (Jan)
- CPB World Trade Monitor (Jan)
- France: Registered Unemployed & Job Vacancies (Feb)
- US: Household Employment for States and Regions (Feb)
- US: Wholesale Trade Revisions, Advance Durable Goods (Feb)
- Manufacturing Survey - Markit US (Flash - Mar), Composite Survey - US (Flash - Mar), Services Survey - US (Flash - Mar)
- more updates...
Economy in Brief
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)...
Kansas City Federal Reserve Factory Index Strengthens; Expectations Surge
The Kansas City Fed reported that its index of regional manufacturing sector business activity increased to 20 during March...
U.S. Initial Unemployment Insurance Claims Rise
Initial claims for unemployment insurance increased to 258,000 (-3.0% y/y) during the week ended March 18...
U.K. Retail Looks Less Bulletproof
For the most part, the assessments embodied in the March survey from the UK's CBI are being taken as being upbeat...
by Tom Moeller March 11, 2016
Import prices declined 0.3% during February (-6.1% y/y) following a 1.0% January decline, revised from -1.1%. A 0.8% decline had been expected in the Action Economics Forecast Survey.
Petroleum import prices fell 4.0% (-38.5% y/y) following a 14.3% drop, revised from -13.4%. Nonpetroleum import prices were off 0.1% (-2.9% y/y) after being revised to no change. These prices have not risen m/m since March of 2014. Foods, feeds & beverages fell 2.0% (-5.1% y/y), the largest one-month drop in four years. Nonoil industrial supplies & materials prices declined 0.3% (-10.7% y/y) while motor vehicle & parts prices eased 0.1% lower (-0.8% y/y). Capital goods prices remained unchanged (-2.1% y/y), and nonauto consumer goods prices increased 0.3% (unchanged y/y).
Export prices declined 0.4% (-6.0% y/y) after an unrevised 0.8% decline. It was the ninth drop in as many months. A 0.5% decline was expected.
Industrial supplies & materials export prices fell 2.0% (-15.0% y/y) after a 2.1% decline. Motor vehicle & pars prices were off 0.2% (-0.4% y/y) while nonauto consumer goods prices eased 0.1% (-2.3% y/y). Working the other way, foods, feeds & beverages prices increased 0.9% (-10.1% y/y) and capital goods prices rose 0.3% (-0.6% y/y). Agricultural commodities prices increased 0.6% (-10.4% y/y) while nonagricultural commodity prices fell 0.4% (-5.6% y/y). They have been falling for nine months.
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, %)||Feb||Jan||Dec||Feb Y/Y||2015||2014||2013|
|Imports - All Commodities||-0.3||-1.0||-1.2||-6.1||-10.2||-1.1||-1.1|
|Exports - All Commodities||-0.4||-0.8||-1.1||-6.0||-6.3||-0.5||-0.4|