- 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 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|