- China: Industrial Profits (Mar); Philippines: Tourist Arrivals (Feb); Korea: GDP (Q1)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts and Statistical Balance Sheet (Mar); Australia: Import and Export Price Indexes (Q1)
- Japan: Input Output Prices, International Trade, Lease Contracts (Mar), First 10 Days Trade (Apr)
- France: INSEE Household Survey (Apr), Registered Unemployed & Job
- more updates...
Economy in Brief
U.S. Gasoline Prices Are Little-Changed; Crude Oil Falls
Regular gasoline prices of $2.45 per gallon last week (13.3% y/y)...
Japan's METI Indexes Show Ongoing Gains
The services sector is assessed by the METI indexes where it is named the 'tertiary sector.' That sector index rose to 104.1 in February...
U.S. New Home Sales & Prices Strengthen
Sales of new single-family homes increased 5.8% (15.6% y/y) during March to 621,000...
U.S. Consumer Confidence Backpedals
The Conference Board Consumer Confidence Index fell 3.7% during April (+27.0% y/y) to 120.3...
U.S. FHFA House Price Index Regains Strength
The FHFA U.S. house prices increased 0.8% during February (6.5% y/y)...
French Manufacturing and Service Sectors Weaken But Stay on Trend or Hold Recent Gains
The French manufacturing sector trend index is down to 1 in April from 3 in March...
by Tom Moeller June 20, 2016
The Commodity Research Bureau reported that its Index of Spot Commodity Prices has been moving up. The 1.2% gain during the last four weeks added to earlier increases to lift prices during the last 6 months by 11.1%.
Strength in the Foodstuffs subgroup recently has led the increase with a 3.1% rise, paced by strength in butter, cheese, cocoa and coffee prices. Prices in the Fats & Oils also have gained. Livestock prices recently were fairly steady, but during the last three & six months pricing power has improved.
The recent stability of factory sector production has made for little pricing power for industrial commodities. Prices in the Metals group recently have been weak, held back by declines in prices for copper, copper scrap & iron ore. On the strong side have been prices for scrap metals as well as for steel. Prices for Textiles have moved sideways.
Commodity price data can be found in Haver's DAILY, WEEKLY, USECON and CMDTY databases.
|CRB Spot Commodity Price Index (1967=100)||1-Mth %||3-Mth %||6-Mth %||12-Mth %||2015 %||2014 %||2013 %|
|Fats & Oils||2.7||14.1||16.3||9.7||-20.9||-2.4||-7.4|