FOREX TradingCharts.com

Financial News: U.S. Import Prices Rise Less Than Expected, Export

U.S. Import Prices Rise Less Than Expected, Export Price Growth Tops Estimates

05/11/2018 - 09:27:00 (RTTNews)

(RTTNews) - Import prices in the U.S. increased by less than expected in the month of April, according to a report released by the Labor Department on Friday, although the report also showed stronger than expected export price growth.

The Labor Department said import prices rose by 0.3 percent in April after edging down by a revised 0.2 percent in March.

Economists had expected import prices to climb by 0.5 percent compared to the unchanged reading originally reported for the previous month.

The increase in import prices was partly due to a significant rebound in prices for fuel imports, which surged up by 1.3 percent in April after plunging by 2.4 percent in March.

Petroleum prices jumped by 1.6 percent during the month, more than offsetting a 4.4 percent slump in natural gas prices.

Excluding fuel imports, prices for non-fuel imports edged up by 0.2 percent in April after inching up by 0.1 percent in March.

The Labor Department said higher prices for non-fuel industrial supplies and materials, consumer goods, and automotive vehicles more than offset declining prices for foods, feeds, and beverages.

Meanwhile, the report said export prices increased by 0.6 percent in April after rising by 0.3 percent in March. Export prices had been expected to rise by another 0.3 percent.

The stronger than expected export price growth came as prices for non-agricultural exports climbed by 0.7 percent in April after coming in unchanged in the previous month.

A 1.5 percent jump in prices for non-agricultural industrial supplies and materials drove the increase in prices for non-agricultural exports.

On the other hand, the report said prices for agricultural exports tumbled by 1.2 percent in April after spiking by 3.2 percent in March.

The Labor Department said lower prices for soybeans, nuts, and wheat drove the decrease in prices for agricultural exports.

Compared to the same month a year ago, import prices were up by 3.3 percent in April, while export prices were up by 3.8 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


UK Manufacturers Ramp Up Investment In Skills: EEF (51 min(s), 14 sec(s) ago)
(RTTNews) - British manufactures are concerned about skilled labor availability post-Brexit, a new ...Full Story»

Hong Kong Inflation Eases For Second Month (01 hr(s), 16 min(s), 14 sec(s) ago)
(RTTNews) - Hong Kong's consumer price inflation eased for the second straight month in April, ...Full Story»

Poland Industrial Production Grows More Than Forecast (01 hr(s), 34 min(s), 14 sec(s) ago)
(RTTNews) - Poland's industrial production expanded at a faster-than-expected pace in April, f ...Full Story»

Japan & Singapore Renew Bilateral Swap Deal (01 hr(s), 52 min(s), 14 sec(s) ago)
(RTTNews) - Japan and Singapore renewed their bilateral swap arrangement that enable both countrie ...Full Story»

Poland's Producer Price Inflation Exceeds Expectations (02 hr(s), 20 min(s), 14 sec(s) ago)
(RTTNews) - Poland's producer prices increased more than expected in April, the Central Statis ...Full Story»

Thailand's Economy Expands Most In 5 Years (03 hr(s), 27 min(s), 14 sec(s) ago)
(RTTNews) - Thailand's economy expanded at the fastest pace in five years in the first quarter ...Full Story»

Estonia PPI Inflation Eases In April (05 hr(s), 06 min(s), 14 sec(s) ago)
(RTTNews) - Estonia's producer price inflation eased in April after accelerating in the previo ...Full Story»

South Korea PPI Inflation Accelerates In April (05 hr(s), 48 min(s), 14 sec(s) ago)
(RTTNews) - South Korea's producer price inflation accelerated in April after remaining stable ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

UK Manufacturers Ramp Up Investment In Skills: EEF

05/21/2018 - 05:50 AM (RTTNews)
(RTTNews) - British manufactures are concerned about skilled labor availability post-Brexit, a new ...Full Story>>

Hong Kong Inflation Eases For Second Month

05/21/2018 - 05:25 AM (RTTNews)
(RTTNews) - Hong Kong's consumer price inflation eased for the second straight month in April, ...Full Story>>

Poland Industrial Production Grows More Than Forecast

05/21/2018 - 05:07 AM (RTTNews)
(RTTNews) - Poland's industrial production expanded at a faster-than-expected pace in April, f ...Full Story>>

Japan & Singapore Renew Bilateral Swap Deal

05/21/2018 - 04:49 AM (RTTNews)
(RTTNews) - Japan and Singapore renewed their bilateral swap arrangement that enable both countrie ...Full Story>>

Poland's Producer Price Inflation Exceeds Expectations

05/21/2018 - 04:21 AM (RTTNews)
(RTTNews) - Poland's producer prices increased more than expected in April, the Central Statis ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.