- Japan: **Japan Tokyo employment index rebased to 2015=100**
- Saudi Arabia: Non-Oil Foreign Trade (Feb); Kuwait: CPI (Mar); Tanzania: BOP, Trade, Depository Corporations Survey, Public Finance (Feb)
- Portugal: OMFIs Balance Sheet (Feb)
- Luxembourg: Employment and Unemployment (Mar)
- Kazakhstan: GDP by Income, Labor Productivity Index (Q4), Loans and Deposits, Monetary Aggregates, Banking System Surveys, Public Finance (Mar)
- more updates...
Economy in Brief
Fresh Six-Year PMI Highs for Euro Area
The 'fresh six-year high' is a pleasant surprise that continues, but...
Philadelphia Fed Factory Conditions Soften
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index fell to 22.0 during April...
U.S. Leading Economic Indicators Suggest Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (3.5% y/y) during March...
U.S. Initial Unemployment Insurance Applications Increase
Initial unemployment claims for unemployment insurance rose to 244,000 during the week ended April 15 (-5.1% y/y)...
Japan's 'Trade Trends' Stabilize on an Unstable Foundation
Japan trade trends, broadly considered, seem to be stabilizing...
U.S. Mortgage Loan Applications Fall
The MBA total Mortgage Applications Volume Index declined 1.8% last week (-24.9% y/y)...
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|