Recent Updates
- France: **France Wages and Earnings Rebased to Q2-2017=100**
- Flash PMIs: Japan, France, Germany, Euro Area, US (Sep)
- Canada: CPI (Aug), Retail Trade (Jul)
- Canada Regional: CPI by Province (Aug), Retail Trade by Province (Jul)
- Norway: International Reserves (Aug), Government Debt (Q2); Finland: Quarterly Sector Accounts, Government Balance (Q2); Denmark: Property Price Indexes (Q2); Iceland: Wage Index (Aug)
- Turkey: IIP & Intl Reserves (Jul); South Africa: Retail Survey (Q4); Mauritius: PPI (Jun); Lebanon: CPI (Aug)
- more updates...
Economy in Brief
EMU Sinks on New Flash PMI Readings
The EMU PMI sank to its cyclical low in mid-2016 then hit its cycle higher in 2018...
U.S. Financial Accounts See Borrowing Ease with Downswing in Federal Government Needs
Borrowing in U.S. financial markets slowed in Q2 2018...
U.S. Leading Economic Indicators Increase
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (6.4% y/y)...
U.S. Existing Home Sales Hold Steady
The National Association of Realtors reported that sales of existing homes during August were unchanged at 5.340 million (SAAR, -1.5%)....
Philadelphia Fed Factory Conditions Improve; Prices Weaken Again
The Philadelphia Fed that its General Factory Sector Business Conditions Index rose to 22.9 during September...
by Robert Brusca June 26, 2007
German export and import inflation is less more subdued than are domestic trends.
German export and import prices excluding energy flared to peaks in the second half of 2006. But now as they subside, it is Germany domestic excluding energy inflation that has flared.
German PPI prices excluding energy has flared in early 2007 then showed some sign of settling down. It is the German CPI where prices look to be still building. By May nonpetroleum import prices were rising at the same pace as CPI ex energy prices. The CPI ex-energy seems to have peaked in May but not yet declined.
| % m/m | % SAAR | ||||||
| SA | May-07 | Apr-07 | Mar-07 | 3-Mo | 6-Mo | 12-Mo | Yr-Ago |
| Export Prices | 0.3% | 0.2% | 0.0% | 1.9% | 1.5% | 1.8% | 2.7% |
| Import Prices | 0.3% | 0.8% | -0.1% | 4.2% | 1.5% | 0.6% | 7.5% |
| NSA | |||||||
| Exports excl Petroleum | 0.1% | 0.3% | 0.1% | 1.9% | 1.5% | 1.9% | 2.5% |
| Imports excl Petroleum | 0.0% | 0.3% | 0.1% | 1.6% | 0.6% | 1.3% | 4.2% |
| Memo: SA | |||||||
| CPI | 0.2% | 0.4% | 0.3% | 3.6% | 2.7% | 1.9% | 1.9% |
| CPI excl Energy | 0.1% | 0.4% | 0.1% | 2.2% | 1.9% | 1.9% | 0.7% |
| PPI | 0.3% | 0.1% | 0.2% | 2.4% | 1.5% | 1.9% | 6.2% |
| PPI excl Energy | 0.2% | 0.4% | 0.1% | 2.6% | 2.2% | 2.6% | 2.3% |
