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Economy in Brief
U.S. Housing Affordability Fell Back in February, but Still in Recent Range
The NAR U.S. Fixed Rate Mortgage Housing Affordability Index decreased 7.6% (-1.4% y/y) in February to 173.1...
European New Car Registrations Remarkably Strong Yet Forgettable
Car registrations are not going to be the only statistic that bears these dual and seemingly dueling characteristics...
U.S. Retail Sales Soar in March
Total retail sales including food service and drinking establishments increased 9.8% (27.7% y/y) during March...
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 November 10, 2015
Import prices declined 0.5% during October (-10.5% y/y) following a 0.6% shortfall in September, revised from -0.1%. A 0.1% slip had been expected in the Action Economics Forecast Survey. Petroleum prices fell 2.1% (-48.0% y/y) after a 6.0% drop, revised from a 1.1% increase. Nonpetroleum import prices fell 0.4% (-3.4% y/y). Prices have not risen m/m since March of last year. A 1.0% decline (-5.0% y/y) in foods, feeds & beverages costs added to downward price pressure and nonoil supplies & materials prices declined 1.0% (-11.0% y/y). Motor vehicle & parts cost eased 0.3% (-1.6% y/y) and capital goods prices slipped a 0.1% (-2.3% y/y). Nonauto consumer goods prices edged 0.1% higher (-1.1% y/y).
Export prices fell 0.2% (-6.7% y/y) following a 0.6% drop. Expectations had been for a 0.3% decline. A 0.8% shortfall (-15.9% y/y) in industrial supplies & materials prices led the way lower. This decline reflected lower fuels & building materials prices, without which prices fell 0.5% (-8.4% y/y). Foods, feeds & beverages prices improved 0.4% (-12.2% y/y) and nonauto consumer goods prices eased 0.1% (-2.4% y/y). Automotive vehicles & parts prices also slipped 0.1% (-0.4% y/y) and capital goods prices improved 0.1% (0.1% 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 petroleum 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, %) | Oct | Sep | Aug | Oct Y/Y | 2014 | 2013 | 2012 |
---|---|---|---|---|---|---|---|
Imports - All Commodities | -0.5 | -0.6 | -1.8 | -10.5 | -1.1 | -1.1 | 0.3 |
Petroleum | -2.1 | -6.0 | -13.6 | -48.0 | -5.6 | -2.6 | -0.3 |
Nonpetroleum | -0.4 | -0.2 | -0.4 | -3.4 | 0.1 | -0.6 | 0.3 |
Exports - All Commodities | -0.2 | -0.6 | -1.4 | -6.7 | -0.5 | -0.4 | 0.4 |
Agricultural | -0.1 | -1.3 | -2.5 | -11.8 | -2.7 | 1.6 | 2.4 |
Nonagricultural | -0.3 | -0.5 | -1.3 | -6.1 | -0.3 | -0.7 | 0.1 |