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Economy

Economic Data (USA)

Tuesday, July 19, 2022

Import and Export Price Indexes for June 2022

The Labor Department's Bureau of Labor Statistics this morning released its report on U.S. Import and Export Price Indexes for June 2022:

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Import Prices
Predicted: +0.5%
Actual: +0.2%

Change From 12 Months Previous: +10.7%

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Export Prices
Predicted: +0.5%
Actual: +0.7%

Change From 12 Months Previous: +18.2%

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The above percentages, highlighted in yellow, represent the month-to-month change in prices for:

  • Imports: the cost of goods produced in other countries and sold in the United States.
  • Exports: the cost of goods produced in the USA and sold in other countries.


Together, these indexes offer insight into the status of inflation in the United States, and for the global economy as well. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

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Sunday, June 05, 2022

ISM Non-Manufacturing Index (NMI®) for May 2022

Earlier today, the Institute for Supply Management (ISM®) released their Non-Manufacturing Index (NMI®) for May 2022:

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Predicted: 56.0%
  • Actual: 55.9%  (-1.2 points month-on-month change)

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Previous month (revised): 57.1%

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The NMI is a reliable barometer of the U.S. services sector; above 50% implies expansion, while a reading below 50% implies that the services sector contracted.

Service Categories Include: Agriculture, Forestry, Fishing + Hunting; Mining; Utilities; Construction; Wholesale Trade; Retail Trade; Transportation + Warehousing; Information; Finance + Insurance; Real Estate, Rental + Leasing; Professional, Scientific + Technical Services; Management of Companies + Support Services; Educational Services; Health Care + Social Assistance; Arts, Entertainment + Recreation; Accommodation + Food Services; Public Administration; and Other Services (services such as Equipment + Machinery Repairing; Promoting or Administering Religious Activities; Grantmaking; Advocacy; and Providing Dry-Cleaning + Laundry Services, Personal Care Services, Death Care Services, Pet Care Services, Photofinishing Services, Temporary Parking Services, and Dating Services).

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From today' report:

"...Economic activity in the services sector grew in May for the 24th month in a row -- with the Services PMI® registering 55.9 percent -- say the nation’s purchasing and supply executives in the latest Services ISM® Report On Business®..."

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Here's A Sampling Of Comments
Made By Survey Participants:
:

  • "...'Supply chain improving, with more reliability of supplier deliveries. Inflationary pressures increased on goods and services. Employment also improving in most markets. Fewer daily fires and more planning time.'
     [Accommodation + Food Services]


    'Demand seems to be very high for all of the high-voltage electric products we purchase. Lead times are quadruple what they normally are.'
     [Construction]


    'Long lead times continue to plague equipment deliveries; higher prices or surcharges added to pricing proposals. The ban on Russian imports is causing a shortage of gasses, especially helium. There has been an increase in new college applicants, signaling a strengthening of the higher education sector.'
     [Educational Services]


    'The paper industry is still being hampered by employment issues, freight costs and scarcity of truckers, as well as the war in Ukraine. European paper sent to North America is being slashed due to the war and the lack of fiber, along with high energy costs. Mills in North America are still struggling to keep up with demand.'
     [Information]


    'Unstable prices on various commodities are making budgetary planning difficult. We are maintaining a cautious approach due to energy costs continuing to increase.'
     [Management of Companies + Support Services]


    'Demand for all labor types remains strong, as open positions continue to exceed candidates to fill those positions. Light industrial, heavy industrial and information technology labor roles are particularly difficult to fill. Companies are having to pay more and offer incentives to attract talent. Resignations continue at a record pace across all age groups, and baby boomer retirements continue to increase.'
     [Professional, Scientific + Technical Services]


    'Concerns about how the new COVID-19 subvariants and rising cases may impact staffing.'
     [Public Administration]


    'Chip shortage showing no signs of easing.'
     [Retail Trade]


    'Exhausting. Continuous shortages, transportation delays and price increases all contribute to the destruction of historical lead times and firm commitments on delivery dates. This requires placing orders earlier and qualifying secondary sources. It is relentless.'
     [Utilities]


    'National consumer and builder demand continues to drive sales domestically. COVID-19 in China continues to affect our supply chain more than the Russia-Ukraine war.'
     [Wholesale Trade]..."

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CHART: ISM Non-Manufacturing (Services) Index (NMI®) - May 20222 Update

CHART: ISM Non-Manufacturing (Services) Index (NMI®)
May 20222 Update



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Friday, May 13, 2022

Import and Export Price Indexes for April 2022

The Labor Department's Bureau of Labor Statistics this morning released its report on U.S. Import and Export Price Indexes for April 2022:

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Import Prices
Predicted: +0.5%
Actual: FLAT / UNCHANGED

Change From 12 Months Previous: +12.0%

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Export Prices
Predicted: +0.5%
Actual: +0.6%

Change From 12 Months Previous: +18.0%

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The above percentages, highlighted in yellow, represent the month-to-month change in prices for:

  • Imports: the cost of goods produced in other countries and sold in the United States.
  • Exports: the cost of goods produced in the USA and sold in other countries.


Together, these indexes offer insight into the status of inflation in the United States, and for the global economy as well. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

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Wednesday, March 16, 2022

Import and Export Price Indexes for February 2022

The Labor Department's Bureau of Labor Statistics this morning released its report on U.S. Import and Export Price Indexes for February 2022:

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Import Prices
Predicted: +1.5%
Actual: +1.4%

Change From 12 Months Previous: +10.9%

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Export Prices
Predicted: +2.8%
Actual: +3.0%

Change From 12 Months Previous: +16.6%

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The above percentages, highlighted in yellow, represent the month-to-month change in prices for:

  • Imports: the cost of goods produced in other countries and sold in the United States.
  • Exports: the cost of goods produced in the USA and sold in other countries.


Together, these indexes offer insight into the status of inflation in the United States, and for the global economy as well. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

===============


From Today's Report:

"...Imports:

Fuel Imports: Import fuel prices advanced 6.9 percent in February, after increasing 7.7 percent the previous month. Higher petroleum prices more than offset a decrease in natural gas prices. Prices for import fuel rose 53.0 percent for the year ended in February. The price index for import petroleum increased 8.1 percent in February following a 7.9-percent rise in January. The February advance was the largest monthly increase for the index since October 2021. Import petroleum prices increased 52.8 percent over the past year. In contrast, natural gas prices declined 10.0 percent in February, after rising 6.8 percent in January and decreasing 10.5 percent in December. Despite recent drops, the index advanced 61.6 percent from February 2021 to February 2022.


Exports:

U.S. export prices rose 3.0 percent in February, after a 2.8-percent advance the previous month. The February increase was the largest monthly rise since 1-month percent changes were first published in January 1989. Higher prices for both agricultural and nonagricultural exports in February contributed to the overall advance in U.S. export prices. Prices for U.S. exports increased 16.6 percent for the year ended in February..."

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Thursday, February 17, 2022

Import and Export Price Indexes for January 2022

The Labor Department's Bureau of Labor Statistics this morning released its report on U.S. Import and Export Price Indexes for January 2022:

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Import Prices
Predicted: +1.5%
Actual: +2.0%

Change From 12 Months Previous: +10.8%

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Export Prices
Predicted: +2.0%
Actual: +2.9%

Change From 12 Months Previous: +15.1%

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The above percentages, highlighted in yellow, represent the month-to-month change in prices for:

  • Imports: the cost of goods produced in other countries and sold in the United States.
  • Exports: the cost of goods produced in the USA and sold in other countries.


Together, these indexes offer insight into the status of inflation in the United States, and for the global economy as well. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

===============


From Today's Report:

"...U.S. import prices advanced 2.0 percent in January resuming the upward trend recorded over most of 2021 following a 0.4-percent decline in December. The January increase was the largest monthly rise since April 2011. Prices for U.S. imports advanced 10.8 percent over the past year, led by higher fuel and nonfuel prices..."

"...Prices for U.S. exports increased 2.9 percent in January following a 1.6-percent decline the previous month. The January advance was the largest 1-month rise since monthly percent changes were first published in January 1989. Higher prices for both agricultural and nonagricultural exports in January contributed to the overall increase in U.S. export prices. The price index for U.S. exports advanced 15.1 percent from January 2021 to January 2022..."

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Wednesday, December 15, 2021

Import and Export Price Indexes for November 2021

The Labor Department's Bureau of Labor Statistics this morning released its report on U.S. Import and Export Price Indexes for November 2021:

===============

Import Prices
Predicted: +1.0%
Actual: +0.7%

Change From 12 Months Previous: +11.7%

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Export Prices
Predicted: +1.0%
Actual: +1.0%

Change From 12 Months Previous: +18.2%

===============
 
The above percentages, highlighted in yellow, represent the month-to-month change in prices for:

  • Imports: the cost of goods produced in other countries and sold in the United States.
  • Exports: the cost of goods produced in the USA and sold in other countries.


Together, these indexes offer insight into the status of inflation in the United States, and for the global economy as well. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.


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CHART: Import Price Index November 2021 Update

 CHART: Import Price Index November 2021 Update

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CHART: Export Price Index - November 2021 Update

CHART: Export Price Index - November 2021 Update


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From Today's Report:

"...Imports: The price index for U.S. imports rose 11.7 percent over the past 12 months, the largest over-the-year increase since the index advanced 12.7 percent for the year ended September 2011..."

"...Exports: U.S. exports increased 18.2 percent over the past 12 months, the largest over-the-year advance in the series, which was first published in September 1984..."

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Tuesday, November 16, 2021

Import and Export Price Indexes for October 2021

The Labor Department's Bureau of Labor Statistics this morning released its report on U.S. Import and Export Price Indexes for October 2021:

===============

Import Prices
Predicted: +1.0%
Actual: +1.2%

Change From 12 Months Previous: +10.7%

===============

Export Prices
Predicted: +1.0%
Actual: +1.5%

Change From 12 Months Previous: +18.0%

===============
 
The above percentages, highlighted in yellow, represent the month-to-month change in prices for:

  • Imports: the cost of goods produced in other countries and sold in the United States.
  • Exports: the cost of goods produced in the USA and sold in other countries.


Together, these indexes offer insight into the status of inflation in the United States, and for the global economy as well. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.


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CHART: Import Price Index October 2021 Update

CHART: Import Price Index October 2021 Update

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CHART: Export Price Index - October 2021 Update

CHART: Export Price Index - October 2021 Update

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Thursday, July 15, 2021

Import and Export Price Indexes for June 2021

The Labor Department's Bureau of Labor Statistics this morning released its report on U.S. Import and Export Price Indexes for June 2021:

===============

Import Prices
Predicted: +1.1%
Actual: +1.0%

Change From 12 Months Previous: +11.2%

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Export Prices
Predicted: +1.1%
Actual: +1.2%

Change From 12 Months Previous: +16.8%

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The above percentages, highlighted in yellow, represent the month-to-month change in prices for:

  • Imports: the cost of goods produced in other countries and sold in the United States.
  • Exports: the cost of goods produced in the USA and sold in other countries.

Together, these indexes offer insight into the status of inflation in the United States, and for the global economy as well. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.


===============

CHART: Import Price Index - June 2021 Update

CHART: Import Price Index
June 2021 Update

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CHART: Export Price Index - June 2021 Update

CHART: Export Price Index
June 2021 Update

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