- US: Advance Trade & Inventories (Feb)
- Sweden: Retail Trade, PPI, International Trade (Feb); Iceland: CPI (Mar)
- Turkey: International Reserves (Feb); Mauritius: Wage Rate Index, LFS (Q4); Saudi Arabia: Non-Oil Foreign Trade (Jan); Palestine: BOP (Q4); UAE: Fuel Prices (Apr); Israel: Construction Starts & Completions (Q4); South Africa: Construction Survey (Q1); Tanzania: Trade (Q4)
- Brazil: PPI (Feb)
- more updates...
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 March 9, 2017
Import prices edged 0.2% higher (4.6% y/y) during February following a 0.6% January increase, revised from 0.4%. A 0.1% uptick had been expected in the Action Economics Forecast Survey. These figures are not seasonally adjusted.
Petroleum import prices eased 0.7%, though they remained three-quarters higher y/y. Nonpetroleum import prices improved 0.3% (0.8% y/y), the largest increase since July. Industrial supplies & materials prices excluding petroleum jumped 1.4% (7.0% y/y), strong for the fourth straight month. Foods, feeds & beverage prices rebounded 1.0% last month (4.4% y/y), following declines in three of the prior four months. Nonauto consumer goods prices improved 0.7%, but the y/y decline accelerated to -0.7%. Motor vehicle & parts prices remained unchanged both m/m and y/y, after declines in the prior two months. Capital goods prices also were steady (-1.0% y/y) after declining from 2013 through 2016.
Export prices improved 0.3% following a 0.2% rise. The y/y increase of 3.1% follows declines in the last four years. A 0.1% uptick had been expected.
Agricultural commodity prices jumped 1.4% (1.6% y/y), the strongest gain since June. Nonagricultural export prices improved 0.3% last month, and the y/y increase surged to 3.3% after declines dating back to 2012. Foods, feeds & beverage prices jumped 1.4% (1.9% y/y), also after years of decline. Industrial supplies & materials costs gained 0.3% (11.5% y/y) as petroleum prices strengthened 41.0% y/y. Nonagricultural supplies & materials prices excluding fuels & building materials jumped 1.5% m/m (4.4% y/y) after sharp declines dating back to 2012. Capital goods prices improved 0.3% (0.6% y/y), but computer & peripheral product prices declined 3.1% y/y. Motor vehicle & parts prices remained unchanged (-0.2% y/y). Nonauto consumer goods prices eased 0.2% and the y/y decline accelerated to -2.6%.
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, %)||Feb||Jan||Dec||Feb Y/Y||2016||2015||2014|
|Imports - All Commodities||0.2||0.6||0.4||4.6||-3.3||-10.2||-1.1|
|Exports - All Commodities||0.3||0.2||0.4||3.1||-3.2||-6.3||-0.5|