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Economy in Brief
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Car registrations are not going to be the only statistic that bears these dual and seemingly dueling characteristics...
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U.S. Industrial Production Rebounded in March
Industrial production rebounded in March, rising 1.4% m/m (+1.0% y/y)...
U.S. Home Builder Index Edges Higher in April
The NAHB-Wells Fargo Composite Housing Market Index rose 1.2% to 83 during April...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller July 14, 2015
Import prices fell 0.1% during June (-10.0% y/y) following a 1.2% jump during May, revised from 1.3%. The Action Economics Forecast Survey anticipated a 0.2% rise.
Prices of petroleum imports increased 0.8% (-41.3% y/y) following an 11 .7% jump. Nonpetroleum import prices, however, fell 0.2% (-2.6% y/y). They've been flat or down in each month since March of last year. Industrial materials prices excluding petroleum declined 0.5% (-8.4% y/y), down regularly during the last year. Prices amongst the other end-use categories were mixed. Food, feed & beverage prices fell 0.6% (-0.5% y/y) and autos & parts prices eased 0.1% (-2.0% y/y). Nonauto consumer goods prices were unchanged for the second straight month (-0.9% y/y) while capital goods prices also held steady (-1.7% y/y).
Export prices eased 0.2% (-5.7% y/y) following a 0.6% rise. A 0.1% improvement had been expected. Agricultural prices fell 1.5% (-16.7% y/y) and nonagricultural costs eased 0.1% (-4.5% y/y). Overall industrial materials & supplies prices fell 0.3% (-11.9% y/y), reflecting a 0.7% rise (-28.7% y/y) in petroleum prices that was the weakest of four monthly increases this year. Foods, feeds & beverage prices declined 2.3% (-17.0% y/y). Prices excluding foods and fuels continued lower by 0.1% (-1.9% y/y). Capital goods export prices remained unchanged both m/m and y/y while prices excluding computers & peripherals improved 0.1% (0.9% y/y) for a second month. Nonauto consumer goods prices increased 0.3% (-1.9% y/y), the first increase since last July and autos & parts prices improved 0.1%, remaining unchanged y/y.
The import and export price series can be found in Haver's USECON database. Detailed figures, including the industrial materials excluding petroleum imports and the fuel & lubricant export items mentioned above, are available in the USINT database. The expectations figure from the Action Economics Forecast Survey is in the AS1REPNA database.
Import/Export Prices (NSA, %) | Jun | May | Apr | Jun Y/Y | 2014 | 2013 | 2012 |
---|---|---|---|---|---|---|---|
Imports - All Commodities | -0.1 | 1.2 | -0.2 | -10.0 | -1.1 | -1.1 | 0.3 |
Petroleum | 0.8 | 11.7 | 2.4 | -41.3 | -5.6 | -2.6 | -0.3 |
Nonpetroleum | -0.2 | 0.0 | -0.4 | -2.6 | 0.1 | -0.6 | 0.3 |
Exports - All Commodities | -0.2 | 0.6 | -0.7 | -5.7 | -0.5 | -0.4 | 0.4 |
Agricultural | -1.5 | -1.2 | -0.9 | -16.7 | -2.7 | 1.6 | 2.4 |
Nonagricultural | -0.1 | 0.7 | -0.7 | -4.5 | -0.3 | -0.7 | 0.1 |