- 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 June 14, 2016
Import prices jumped 1.4% during May (-5.0% y/y) following an upwardly revised 0.7% April rise. It was the strongest increase since March 2012, and double the 0.7% gain expected in the Action Economics Forecast Survey. These figures are not seasonally adjusted.
Petroleum import prices firmed 17.4% (-29.1% y/y) following two months of strong gain. Nonpetroleum import prices increased 0.4% (-1.9% y/y). It was the first rise in prices since March 2014. Nonoil industrial supplies & materials costs jumped 1.6% (-6.4% y/y), only the second rise since December 2014. Foods, feeds & beverage costs rose 0.3% (-1.9% y/y) following three months of decline. Motor vehicle & parts prices improved 0.2% (-0.6% y/y), the firmest rise since April 2014. Nonauto consumer goods prices ticked 0.1% higher (-0.3% y/y). Capital goods prices remained unchanged (-1.9% y/y), after falling steadily since August 2014.
Export prices increased 1.1% (-4.5% y/y) following an unrevised 0.5% rise. It was the firmest gain since March 2011. A 0.3% increase had been expected.
Agricultural commodity prices rose 2.9% (-5.4% y/y) after a 0.8% increase. Nonagricultural commodity prices improved 1.0% (-4.4% y/y) following a 0.4% increase. Foods, feeds & beverage prices strengthened 2.9% (-5.2% y/y) following a 0.9% gain. Industrial supplies & materials costs also jumped 2.9% (-11.8% y/y) after a 1.1% rise. Nonauto consumer goods prices improved 0.2% (-1.9% y/y) after a 0.1% easing. Capital goods prices rose 0.1% (-0.2% y/y) following a 0.2% rise. Motor vehicle & parts prices eased 0.1% (-0.9% y/y), the third decline this year.
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, %)||May||Apr||Mar||May Y/Y||2015||2014||2013|
|Imports - All Commodities||1.4||0.7||0.4||-5.0||-10.2||-1.1||-1.1|
|Exports - All Commodities||1.1||0.5||-0.1||-4.5||-6.3||-0.5||-0.4|