2017 Economic Calendar
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Import and Export Prices  
Released On 6/15/2017 8:30:00 AM For May, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Import Prices - M/M change0.5 %0.2 %-0.1 %-0.6 % to 0.2 %-0.3 %
Export Prices - M/M change0.2 %0.1 %0.0 % to 0.3 %-0.7 %
Import Prices - Y/Y change4.1 %3.6 %2.1 %
Export Prices - Y/Y change3.0 %3.2 %1.4 %

April's strength for import & export prices not only didn't help consumer prices they proved one-month wonders as import prices fell a sharper-than-expected 0.3 percent in May with export prices down a very steep 0.7 percent.

Prices for petroleum imports did fall sharply in May, down 3.9 percent, but weakness is spread through components as the non-petroleum reading could do no better than unchanged. Prices for durable imports fell a very noticeable 0.5 percent while readings for finished goods are thoroughly flat.

The export side also reflects wide weakness. Agricultural exports fell 1.6 percent in the month but the non-agricultural reading is also lower, down 0.6 percent. Finished goods prices on the export side are also flat.

Price weakness is becoming an unwanted and very unexpected theme for the 2017 economy, weakness that points to troubles for demand and lack of wage punch for workers.

Consensus Outlook
April import prices rose a sharp 0.5 percent in broad-based pressure, however, that did not appear at all at the consumer level during the month. Import prices for May, reflecting soft oil prices, are expected to slip 0.1 percent. Export prices rose 0.2 percent in April with Econoday's May consensus at plus 0.1 percent. Note that this report usually precedes, not follows, the release of the producer and consumer price reports, a calendar quirk that may lower focus on May's data.

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
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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