- Korea: GDP (Q4); Thailand Auto Sales (Feb)
- Turkey: Capacity Utilization, Business Tendency survey (Mar); South Africa: Tourism & Migration (Jan), Manufacturing Survey (Q1)
- Croatia: Tourism (Jan); Montenegro: Foreign Trade (Feb); Czech Republic: CPI by COICOP (Feb), Registered Employment (Q4); Kazakhstan: Loans & Deposits (Feb); Slovenia: Business Cycle Indicators (Mar); Russia: Employment by Industry (Q4);
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Economy in Brief
Texas Factory Sector Activity Remains Strong
The Dallas Fed indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index eased during March...
EMU Money and Credit Growth Are Less Than Impressive Than Euro-PMIs
EMU nominal money supply growth is slightly higher over three months, but credit growth in the EMU is slower...
Durable Goods Orders Strengthened by Another Jump in Aircraft
New orders for durable goods rose 1.7% (5.0% y/y) during February...
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)...
by Tom Moeller November 15, 2016
Import prices improved 0.5% during October (-0.2% y/y) following a 0.2% September increase, revised from 0.1%. A 0.4% increase had been expected in the Action Economics Forecast Survey. These figures are not seasonally adjusted.
A 7.5% increase (4.5% y/y) in petroleum import prices led the rise in the overall price index, as it followed a 1.6% gain. Nonpetroleum import prices eased 0.1% (-0.4% y/y) after being unchanged. Prices for non-oil industrial supplies & materials declined 0.6% (-0.7% y/y) for the second straight month. Foods, feeds & beverage costs fell 0.6% (+4.0% y/y) after a 0.4% gain. Motor vehicle & parts prices improved 0.3% (0.0% y/y) after a 0.1% rise. Nonauto consumer goods prices rose 0.1% (-0.5% y/y), the first rise in five months. Capital goods prices declined 0.2% (-1.4% y/y) and reversed September's increase. Capital goods prices excluding computers, peripherals & semiconductors remained unchanged (-1.0% y/y) for a second month.
Export prices increased 0.2% (-1.1% y/y) following an unrevised 0.3% gain. No change had been expected.
A 0.4% increase (-3.0% y/y) in agricultural commodity prices led the increase in the overall index, as it followed three straight months of decline. Nonagricultural goods costs rose 0.2% (-0.8% y/y) following a 0.4% increase. Foods, feeds & beverage prices increased 0.3% (-2.8% y/y), also following three straight months of decline. Industrial supplies & materials costs rose 0.8% (-1.0% y/y) after a 1.3% increase. Motor vehicle & parts prices increased 0.2% (-0.7% y/y) while nonauto consumer goods prices fell 0.7% (-1.9% y/y) after a 0.2% rise. Capital goods prices eased 0.1% (-0.4% y/y), and have been little changed 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, %)||Oct||Sep||Aug||Oct Y/Y||2015||2014||2013|
|Imports - All Commodities||0.5||0.2||-0.2||-0.2||-10.2||-1.1||-1.1|
|Exports - All Commodities||0.2||0.3||-0.8||-1.1||-6.3||-0.5||-0.4|