- Korea: Housing Price Index (Apr)
- US: Consumer Sentiment (Apr-final), GDP (Q1 Adv), ECI (Q1)
- Consumer Sentiment Detail (Apr-final)
- US: Selected NIPA Tables (Q1-Adv), Summary key Source Data (Q1)
- Canada: GDP by Industry (Feb), Industrial Product Prices (Mar)
- *Taiwan National House Price Indexes Rebased to 2016=100.*
- Euro area: HICP (Apr-Flash), ECB Survey of Professional Forecasters (Q2)
- Italy: CPI, HICP (Apr-Prelim)
- Brazil: Sao Paolo Capacity Utilization (Mar);Mexico: Debt (Mar);
- more updates...
Economy in Brief
U.S. Employment Cost Index Has Stronger Gain
Lifted by outsized rises in several industries, the employment cost index for civilian workers rose 0.8% (2.4% y/y) during Q1'17...
Chicago Purchasing Managers Index Strengthens
The Chicago Purchasing Managers Business Barometer Index for April increased to 58.3 from 57.7 in March...
EMU Money and Credit Perk Up
There is some noticeable acceleration in EMU money and credit growth...
Durable Goods Orders Improvement Moderates
New orders for durable goods rose 0.7% (4.5% y/y) during March...
U.S. Initial Claims for Unemployment Insurance Increase
Initial unemployment claims for unemployment insurance rose to 257,000 during the week ended April 22...
U.S. Pending Home Sales Ease
The National Association of Realtors (NAR) reported that pending home sales slipped 0.8% ((+0.8% y/y) during March...
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|