Import and Export Prices Decline Again in June

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Economic Update: Import/Export Prices

The government reported that Import Prices for the month of June fell by -2.7%, which was below the consensus for a drop of -1.8%.

The May reading was revised to -1.2% from -1.0% (April: -0.5%)

On a year-over-year basis, Import Prices are down -2.6%, which is a positive on the inflation front.

Export prices fell by -1.7%, which was below expectations for -0.2% as well as last month’s level of -0.4%.

Why should you care? It’s simple: price inputs affect the final cost of goods, which impacts inflation. And if inflation gets “too hot” the Fed must act to try and contain prices. Thus, Import and Export prices remain an area to watch.

Other stories on the US Economy to review:

• NFIB Small Business Optimism Index Pulls Back Again
  
• Jobs Report Disappoints Again in June
  
• ISM Non-Manufacturing Index Disappoints in June
  
• ADP Employment Surprises to Upside
  
• Challenger Planned Job Cuts Best in Year
  
• Factory Orders BTE in May
  
• Construction Spending Above Consensus in May
  
• ISM Manufacturing Plunges in June
  
• University Of Michigan Sentiment Index Weak in June
  
• Chicago PMI Headline Improves But...
  
• US GDP Grew at +1.9% Rate in Q1
  
• Durable Goods Up for First Time in 3 Mos
  
• Richmond Fed Index Declines for Third Month
  
• Consumer Confidence Falls Again in June
  
• Case-Shiller Home Price Index Improves
  
• Chicago Fed National Activity Index Falls in May
  
• Existing Homes Sales Fall But Prices Rises
  
• LEI Rises in May: Points to "Muddle Through"
  
• Philly Fed Plunges in June
  
• Housing Starts Down But Permits Up
  
• Industrial Production and Capacity Utilization Below Expectations
  
• Empire Manufacturing Disappoints in June
  
• CPI Declines in May
  
• Business Inventories Above Expectations in April
  
• Retail Sales Fall Across Board in May
  
• PPI Shows Inflation Fell at Producer Level in May

 

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