2017 Economic Calendar
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Import and Export Prices  
Released On 5/10/2017 8:30:00 AM For Apr, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Import Prices - M/M change-0.2 %0.1 %0.1 %-0.3 % to 0.4 %0.5 %
Export Prices - M/M change0.2 %0.1 %0.1 %0.0 % to 0.2 %0.2 %
Import Prices - Y/Y change4.2 %4.3 %4.1 %
Export Prices - Y/Y change3.6 %3.4 %3.0 %

Highlights
Price data were unusually weak in March and now the first indication in April is unusually strong. Import prices jumped 0.5 percent which is well above the 0.1 percent consensus and just above the 0.4 percent high estimate. Export prices rose 0.2 percent to beat the consensus by 1 tenth.

Petroleum, up 1.6 percent in the month, gave a boost to prices on the import side but ex-fuel pressures are evident nevertheless. Non-petroleum imports rose 0.4 percent which is the second best monthly showing for this reading of the 8-year expansion. Details show unusual price strength for vehicles, both imports and exports, and solid monthly strength at 0.3 percent for food products, again both imports and exports.

The shift from March weakness to April strength points perhaps to the effects of seasonal issues, specifically March's heavy weather (which hurt March) and Easter's calendar shift into April (which also hurt March to the benefit of April). Today's results suggest that March's 16-year low for the core PCE price index is likely to be quickly reversed and that Thursday's producer prices and Friday's consumer prices may both come in higher than expected.

Recent History Of This Indicator
March proved to be unusually weak month for inflation readings and the weakness was first signaled by import prices which fell 0.2 percent on a decline in oil prices but also a general decline in prices of imported consumer goods. Export prices showed slight strength in March and benefited from higher agricultural prices which also should help April. Forecasters see import prices, getting a boost this time from oil, back in the plus column at 0.1 percent in April and see export prices also up 0.1 percent.

Definition
Import price indexes are compiled for the prices of goods that are bought in the United States but produced abroad and export price indexes are compiled for the prices of goods sold abroad but produced domestically. These prices indicate inflationary trends in internationally traded products.  Why Investors Care
 
[Chart]
Yearly changes in import and export prices reveal long term price trends for tradable goods, whether inflationary, disinflationary, or deflationary.
Data Source: Haver Analytics
 
 

2017 Release Schedule
Released On: 1/122/103/94/125/106/157/188/159/1910/1711/1612/14
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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