Recent Updates
- Israel: Average Housing Prices (Q2)
- Japan: NCI Economic Activity Index (Aug)
- US: NAHB/Wells Fargo Housing Market Index (Aug)
- Canada: Wholesale trade, MSIO (June)
- Pakistan: Foreign Currency Deposits and Utilization (JUL)
- more updates...
Economy in Brief
U.S. Empire State Manufacturing Index Plummets in August; Lowest Since May '20
The Empire State Manufacturing Index of General Business Conditions plunged to -31.3 in August...
U.S. Import and Export Prices Fall in July; Deepest Since April 2020
Import prices fell 1.4% m/m (8.8% y/y) in July...
U.S. Housing Affordability Declines Further in June
The NAR Fixed Rate Mortgage Housing Affordability Index fell 3.6% in June...
EMU Output Makes Solid Gain in June
The European Monetary Union posted a 0.7% increase for industrial output in June...
U.S. Producer Prices Fall During July; Core Increase Weakens
The Producer Price Index for Final Demand fell 0.5% during July...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Robert Brusca August 24, 2007
Longer view shows price pressures dissipating in Germany.
On the month, German export and import prices were subdued but over three months some pressures are evident. But broader year-over-year trends do seem to have turned a corner. Excluding petroleum export and import prices are moving lower: fast for imports, slower for exports. Domestically, producer prices excluding energy are ever so gradually losing momentum, while consumer prices are slow in showing declines after having stepped up their pace sharply early in 2007. Internationally, excluding petroleum, trends are generally milder than their domestic counterparts.
M/M % Change | % SAAR | ||||||
SA | Jul-07 | Jun-07 | May-07 | 3-Mo | 6-Mo | 12-Mo | Yr-Ago |
Export Prices | -0.1% | 0.3% | 0.3% | 1.9% | 1.5% | 1.6% | 2.6% |
Import Prices | 0.1% | 1.1% | 0.5% | 6.9% | 5.6% | 0.4% | 6.2% |
NSA | |||||||
Exports ex Petrol | 0.1% | 0.1% | 0.1% | 1.1% | 1.5% | 1.7% | 2.5% |
Imports ex Petrol | -0.4% | 0.0% | 0.0% | -1.5% | 0.0% | 0.6% | 4.3% |
Memo: SA | |||||||
CPI | 0.3% | 0.0% | 0.2% | 1.8% | 2.5% | 1.8% | 2.0% |
CPI ex energy | 0.2% | 0.0% | 0.1% | 1.1% | 1.5% | 1.8% | 1.2% |
PPI | -0.1% | 0.3% | 0.3% | 2.0% | 1.9% | 1.1% | 6.0% |
PPI ex energy | 0.1% | 0.4% | 0.2% | 2.6% | 2.6% | 2.5% | 3.0% |