- New Zealand: International Trade (Feb)
- Korea: Consumer Survey Index (Mar); Philippines: Public Finance (Jan)
- Weekly: **Initial Claims Data Revisions Completed**
- Euro area: Flash Consumer Confidence Indicator (Mar)
- US: New Residential Sales (Feb)
- Belgium: Business Survey (Mar)
- Uruguay: GDP (Q4)
- more updates...
Economy in Brief
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...
U.S. Existing Home Sales Fall to Five-Month Low; Inventory Remains Tight
Sales of existing single-family homes declined 3.7% (+5.4% y/y) to 5.480 million units (AR) during February...
U.S. FHFA House Price Index Momentum Diminishes
The FHFA U.S. house price index remained unchanged during January following a 0.4% December increase ...
Japan's Trade Trends Turn Sharply Higher
Japan has logged its largest current account surplus since April 2010...
by Tom Moeller April 12, 2016
Import prices improved 0.2% during March (-6.2% y/y) following a 0.4% February decline, revised from -0.3%. The increase was much softer than the 1.0% rise expected in the Action Economics Forecast Survey.
Petroleum import prices rebounded 6.5% (-39.5% y/y) following a 6.2% drop, revised from -4.0%. Nonpetroleum import prices were off 0.2% (-2.7% y/y) after two straight 0.1% dips. These prices have not risen m/m since March of 2014. Foods, feeds & beverage prices fell 0.6% (-4.6% y/y). Nonoil industrial supplies & materials costs remained unchanged (-9.3% y/y) while motor vehicle & parts prices improved 0.1% (-0.9% y/y). Capital goods prices were off 0.1% (-2.1% y/y), and nonauto consumer goods prices dropped 0.3% (-0.1% y/y), the first decline since August.
Export prices remained unchanged following a 0.5% decline, earlier reported as -0.4%. A 0.2% decline was expected. Prices have fallen 12.4% since the peak in March 2014.
Agricultural commodities prices declined 2.5% (-11.1% y/y) while nonagricultural commodity prices improved 0.3% (-5.6% y/y), the first increase since May. Foods, feeds & beverage prices declined 2.5% (-11.3% y/y) and motor vehicle & pars prices were off 0.2% (-0.7% y/y), the fifth decline in six months. Working the other way, industrial supplies & materials prices rose 0.7% (-14.5% y/y) and nonauto consumer goods prices gained 0.1% (-2.0% y/y). Capital goods prices remained unchanged (-0.6% y/y) after a 0.3% rise.
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, %)||Mar||Feb||Jan||Mar Y/Y||2015||2014||2013|
|Imports - All Commodities||0.2||-0.4||-1.3||-6.2||-10.2||-1.1||-1.1|
|Exports - All Commodities||0.0||-0.5||-0.8||-6.1||-6.3||-0.5||-0.4|