Recent Updates
- Japan: ** Japan IP forecasts have rebased from 2010=100 to 2015=100. We are currently working on processing the new data.**
- ** New Zealand Jobs Online has changed its reported frequency from monthly to quarterly and rebased from August 2010=100 to Q4 2010=100. **
- Armenia: Commercial Bank Loans by Fields (Mar)
- Finland: Business Confidence, Consumer Confidence (Apr)
- Australia: PPI, Manufacturing Price, Construction Materials Prices (Mar); New Zealand: Trade by Country by Commodity,
- more updates...
Economy in Brief
Kansas City Federal Reserve Factory Index Hits Record High
The Kansas City Fed reported that its index of regional manufacturing sector business activity surged to a record 26...
U.S. Initial Unemployment Insurance Claims Decline Sharply
Initial claims for unemployment insurance fell sharply to 209,000 (-17.1% y/y)...
German Confidence Flattens and Falters
German confidence for May is mooted at a 97.8% queue percentile standing...
U.S. Mortgage Loan Applications Are Little Changed; Rates Remain High
The MBA total Mortgage Applications Volume Index eased 0.2% last week (-1.9% y/y)...
Japan Shows Very Moderate Growth As Trade War Clouds Gather
Japan’s sector indexes showed a solid gain in February...
by Tom Moeller August 10, 2012
U.S. import prices fell 0.6% during July following a 2.4% June decline, revised from -2.7%. A 0.2% uptick had been expected. Prices continued lower in most categories. Petroleum prices declined 1.6% (-12.3% y/y), off for the fourth straight month. Nonpetroleum import prices also fell 0.3% (-0.5% y/y) led down by a 1.2% drop (-3.4% y/y) in foods, feeds & beverages. Prices for nonoil industrial supplies also were soft, posting a 1.2% drop (-5.3% y/y). Capital goods prices slipped 0.1% (+0.4% y/y) as computers, peripherals & semiconductor costs fell 0.2% (-1.6% y/y) and other capital goods prices were unchanged (1.4% y/y). Nonauto consumer goods prices ticked 0.1% lower (+1.3% y/y) but prices for automotive vehicles, part & engines rose 0.4% (1.6% y/y).
U.S. export prices rose 0.5% (-1.2% y/y) as agricultural export costs jumped 6.4% (4.3% y/y). Drought conditions through much of the country raised wheat & rice prices 14.1% (12.4% y/y), soybean costs 14.7% (15.8% y/y) and feed prices 13.5% (11.3% y/y). Nonagricultural commodities prices were off 0.3% (-1.9% y/y) led lower by a 0.6% drop (-0.5% y/y) in nonauto consumer goods. Prices of industrial supplies fell 0.3% (-7.0% y/y) and capital goods prices slipped 0.1% (+1.1% y/y). Auto prices increased 0.2% (2.2% y/y).
The import and export price series can be found in Haver's USECON database. Detailed figures are available in the USINT database. The daily figure are in DAILY. The expectations figure is in the AS1REPNA database.
Import/Export Prices (NSA, %) | Jul | Jun | May | Jul Y/Y | 2011 | 2010 | 2009 |
---|---|---|---|---|---|---|---|
Imports - All Commodities | -0.6 | -2.4 | -1.5 | -3.2 | 10.9 | 6.9 | -11.5 |
Petroleum | -1.6 | -9.3 | -5.8 | -12.3 | 36.5 | 28.4 | -35.9 |
Nonpetroleum | -0.3 | -0.3 | -0.1 | -0.5 | 4.5 | 2.8 | -4.1 |
Exports - All Commodities | 0.5 | -1.7 | -0.5 | -1.2 | 8.1 | 4.9 | -4.6 |
Agricultural | 6.4 | -3.6 | 0.5 | 4.3 | 22.3 | 7.9 | -12.8 |
Nonagricultural | -0.3 | -1.5 | -0.5 | -1.9 | 6.6 | 4.6 | -3.7 |