2017 Economic Calendar
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Import and Export Prices  
Released On 8/15/2017 8:30:00 AM For Jul, 2017
PriorConsensusConsensus RangeActual
Import Prices - M/M change-0.2 %0.1 %-0.1 % to 0.2 %0.1 %
Export Prices - M/M change-0.2 %0.2 %0.0 % to 0.3 %0.4 %
Import Prices - Y/Y change1.5 %1.5 %
Export Prices - Y/Y change0.6 %0.8 %

Highlights
A boost in petroleum gave a lift to import prices while a boost from agricultural gave a boost to export prices. Import prices in July posted an as-expected 0.1 percent increase as petroleum was up 0.7 percent in the month. Outside of petroleum, however, July import prices limped in at no change. Prices of finished exports remain dead flat, at or near zero whether month-on-month or year-on-year. The yearly rate for overall imports is steady at a modest 1.5 percent.

Export prices rose a stronger-than-expected 0.4 percent with agricultural products up 2.1 percent to more than shave in half sharp declines in the two prior months. Prices for finished exports, like finished imports, are flat with consumer goods, at minus 1.7 percent year-on-year, especially weak. Total export prices are up only 0.8 percent year-on-year which is not good news for the nation's exporters.

But what is good news for exporters is the tangible decline underway in the dollar. This points to increasing pressure for import prices which, though making them less affordable to U.S. buyers, will help the Federal Reserve in its efforts to stimulate inflation.

Recent History Of This Indicator
Consumer prices and producer prices were both weak in July but moderate gains are expected for import and export prices. Import prices, which have fallen for 2 straight months, are expected to inch 0.1 percent higher vs minus 0.2 percent in June. Export prices, which also fell 0.2 percent in June, are likewise expected to rise 0.2 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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