FOREX TradingCharts.com

Financial News: U.S. Import Prices Unexpectedly Edge Down 0.1% In

U.S. Import Prices Unexpectedly Edge Down 0.1% In October

11/17/2020 - 09:29:00 (RTTNews)

(RTTNews) - Partly reflecting a continued decrease in prices for fuel imports, the Labor Department released a report on Tuesday showing U.S. import prices unexpectedly edged lower in the month of October.

The Labor Department said import prices slipped by 0.1 percent in October after rising by a downwardly revised 0.2 percent in September.

Economists had expected import prices to rise by 0.2 percent compared to the 0.3 percent increase originally reported for the previous month.

The unexpected drop in import prices came as prices for fuel imports tumbled by 1.9 percent in October after plunging by 5.2 percent in September. The continued decline reflected lower prices for both natural gas and petroleum.

Prices for non-fuel imports inched up by 0.1 percent in October after rising by 0.5 percent in September, as higher prices for non-fuel industrial supplies and materials and foods, feeds, and beverages more than offset falling prices for consumer goods and automotive vehicles.

Meanwhile, the report said export prices crept up by 0.2 percent in October after climbing by 0.6 percent in September. Export prices were expected to rise by 0.3 percent.

The uptick in export prices came as prices for agricultural exports spiked by 3.4 percent in October after jumping by 2.8 percent in September. The sharp increase reflected higher prices for vegetables, corn, soybeans, and dairy products.

Prices for non-agricultural exports were unchanged in October after rising by 0.3 percent in September, as lower prices for non-agricultural industrial supplies and materials and capital goods offset an increase in automotive vehicles prices.

Compared to the same month a year ago, import prices in October were down by 1.0 percent and export prices were down by 1.6 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Factory Orders Jump More Than Expected In October (06 hr(s), 58 min(s), 28 sec(s) ago)
(RTTNews) - Data released by the Commerce Department on Friday showed new orders for U.S. manufact ...Full Story»

U.S. Trade Deficit Widens As Imports Rise More Than Exports (07 hr(s), 19 min(s), 28 sec(s) ago)
(RTTNews) - With the value of imports rising by more than the value of exports, the Commerce Depar ...Full Story»

U.S. Employment Rises Much Less Than Expected Amid Surge In Coronavirus Cases (07 hr(s), 52 min(s), 28 sec(s) ago)
(RTTNews) - Reflecting renewed restrictions amid the recent surge in new coronavirus cases, the La ...Full Story»

U.S. Trade Deficit Widens In October (08 hr(s), 47 min(s), 28 sec(s) ago)
(RTTNews) - With the value of imports rising by more than the value of exports, the Commerce Depar ...Full Story»

U.S. Employment Rises Much Less Than Expected In November (08 hr(s), 53 min(s), 28 sec(s) ago)
(RTTNews) - A closely watched report released by the Labor Department on Friday showed U.S. job gr ...Full Story»

Ireland Exits Recession In Q3 (10 hr(s), 08 min(s), 28 sec(s) ago)
(RTTNews) - Ireland's economy recovered from a technical recession in the third quarter, the C ...Full Story»

Greece Economy Recovers In Q3 (10 hr(s), 41 min(s), 28 sec(s) ago)
(RTTNews) - Greece's economy recovered in the third quarter from a record contraction caused b ...Full Story»

German Factory Order Growth Tops Expectations (10 hr(s), 56 min(s), 28 sec(s) ago)
(RTTNews) - Germany's factory orders growth accelerated more than expected in October to excee ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Factory Orders Jump More Than Expected In October

12/04/2020 - 10:34 AM (RTTNews)
(RTTNews) - Data released by the Commerce Department on Friday showed new orders for U.S. manufact ...Full Story>>

U.S. Trade Deficit Widens As Imports Rise More Than Exports

12/04/2020 - 10:13 AM (RTTNews)
(RTTNews) - With the value of imports rising by more than the value of exports, the Commerce Depar ...Full Story>>

U.S. Employment Rises Much Less Than Expected Amid Surge In Coronavirus Cases

12/04/2020 - 09:40 AM (RTTNews)
(RTTNews) - Reflecting renewed restrictions amid the recent surge in new coronavirus cases, the La ...Full Story>>

U.S. Trade Deficit Widens In October

12/04/2020 - 08:45 AM (RTTNews)
(RTTNews) - With the value of imports rising by more than the value of exports, the Commerce Depar ...Full Story>>

U.S. Employment Rises Much Less Than Expected In November

12/04/2020 - 08:39 AM (RTTNews)
(RTTNews) - A closely watched report released by the Labor Department on Friday showed U.S. job gr ...Full Story>>

Do not sell my personal information

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.