Recent Updates

  • ** New Zealand Jobs Online has changed its reported frequency from monthly to quarterly and rebased from August 2010=100 to Q4 2010=100. We are currently working on processing this data.**
  • New Zealand: Trade by HS Commodity (Mar); ANZ-Roy Morgan Consumer Confidence (Apr)
  • Bangladesh: BOP (Jan); Korea: Economic Sentiment and Business Survey Index (Apr); Singapore: Motor Vehicle Registration (Mar), Corporate Insolvency Statistics (Feb); Mongolia: Foreign Trade (2017); Pakistan: Seasonally Adjusted Balance of
  • more updates...

Economy in Brief

U.S. Import Prices Increase As Nonoil Prices Gain Strength
by Tom Moeller  April 10, 2014

Import prices increased 0.6% (-0.6% y/y) during March following an unrevised 0.9% February rise. A 0.2% rise had been expected in the Action Economics survey. A 0.6% improvement (0.1% y/y) in nonpetroleum prices led the pricing strength as it followed a 0.1% February uptick. During the last three months, nonoil import prices rose at a 5.0% annual rate. Petroleum prices ticked up 0.1% (-2.4% y/y) after a 4.7% February surge.

Last month's gain in nonpetroleum prices overall reflected a 2.1% surge (0.5% y/y) in nonpetroleum industrial supplies & materials prices. Foods, feeds and beverage prices also strengthened 3.7% (4.9% y/y). Elsewhere, pricing power remained tepid. Capital goods prices ticked 0.1% higher (-0.6% y/y) after a 0.3% drop. Automotive prices were unchanged (-1.6% y/y) as were nonauto consumer goods prices (0.4% y/y).

U.S. export prices increased 0.8% last month (0.2% y/y) after a little-revised 0.7% February gain. A 0.2% increase had been expected. A 1.7% rise (-6.0% y/y) in agricultural export costs provided power behind the overall price increase. Nonagricultural prices also were strong and improved 0.6% (-0.7% y/y).

Agricultural export prices increased 2.7% (-2.1% y/y) and industrial supplies & materials export prices rose 1.2% (0.9% y/y). These prices excluding petroleum gained a still firm 0.7% (-3.0% y/y). Nonauto consumer goods prices increased 0.3% (-0.9% y/y) following two months of decline. Capital goods export prices gained 0.2% (0.5% y/y), the third straight month of firm increase. Motor vehicles & parts prices were unchanged (0.1% y/y) and have been since October.

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.

Age Discrimination and the Great Recession from the Federal Reserve Bank of San Francisco is available here.

Import/Export Prices (NSA, %) Mar Feb Jan Mar Y/Y 2013 2012 2011
Imports - All Commodities 0.6 0.9 0.4 -0.6 -1.1 0.3 10.9
  Petroleum 0.1 4.7 0.3 -2.4 -2.6 -0.3 36.5
  Nonpetroleum 0.6 0.1 0.5 0.1 -0.6 0.3 4.5
Exports - All Commodities 0.8 0.7 0.3 0.2 -0.4 0.4 8.1
  Agricultural 2.7 1.4 -0.1 -1.6 1.7 2.4 22.3
  Nonagricultural 0.5 0.6 0.4 0.4 -0.7 0.1 6.6
close
large image