U.S. Import Prices Unexpectedly Inch Up 0.1% In July

RTTNews | 71日前
U.S. Import Prices Unexpectedly Inch Up 0.1% In July

(RTTNews) - Import prices in the U.S. unexpectedly crept higher in the month of July, according to a report released by the Labor Department on Thursday.

The Labor Department said import prices inched up by 0.1 percent in July after coming in unchanged in June. Economists had expected import prices to edge down by 0.1 percent.

The unexpected uptick by import prices partly reflected a rebound by prices for fuel imports, which climbed by 0.5 percent in July after tumbling by 1.7 percent in June.

Prices for non-fuel imports also crept up by 0.1 percent in July after rising by 0.2 percent in June, as higher prices for foods, feeds, and beverages; automotive vehicles; and capital goods more than offset lower prices for consumer goods and non-fuel industrial supplies and materials.

"Import prices ticked up modestly in July, with the largest rise concentrated in fuel prices," said Matthew Martin, U.S. Economist at Oxford Economics. "The good news is that this will be reversed next month has oil prices have edged lower."

He added, "Supply chain stress and higher shipping rates haven't fed through to higher prices, limiting the upside risk to core consumer goods prices."

Compared to the same month a year ago, import prices were up by 1.6 percent, reflecting the largest over-the-year increase since a 3.2 percent surge in December 2022.

Meanwhile, the Labor Department said export prices climbed by 0.7 percent in July after dipping by a revised 0.3 percent in June.

Economists had expected export prices to come in unchanged compared to the 0.5 percent decrease originally reported for the previous month.

The unexpected increase by export prices came as prices for non-agricultural exports shot up by 1.0 percent in July after falling by 0.4 percent in June.

The rebound by prices for non-agricultural exports more than offset a pullback by prices for agricultural exports, which tumbled by 1.6 percent in July after jumping by 1.2 percent in June.

Prices for exports jumped by 1.4 percent compared to same month a year ago, reflecting the largest year-over-year increase since prices surged by 2.0 percent in January 2023.

read more
U.S. Consumer Sentiment Unexpectedly Improves To Six-Month High In October

U.S. Consumer Sentiment Unexpectedly Improves To Six-Month High In October

Consumer sentiment in the U.S. unexpectedly improved in the month of October, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for October was upwardly revised to 70.5 from a preliminary reading of 68.9. Economists had expected the index to be upwardly revised slightly to 69.0.
RTTNews | 10時5分前
U.S. Durable Goods Orders Fall More Than Expected As Aircraft Demand Slumps

U.S. Durable Goods Orders Fall More Than Expected As Aircraft Demand Slumps

Reflecting a continued slump by orders for transportation equipment, the Commerce Department released a report on Friday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of September. The Commerce Department said durable goods orders slid by 0.8 percent in September, matching a revised decrease in August.
RTTNews | 10時32分前
U.S. Durable Goods Orders Fall More Than Expected In September

U.S. Durable Goods Orders Fall More Than Expected In September

Reflecting a continued slump by orders for transportation equipment, the Commerce Department released a report on Friday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of September.
RTTNews | 11時41分前
U.S. New Home Sales Surge More Than Expected To Highest Level In Over A Year

U.S. New Home Sales Surge More Than Expected To Highest Level In Over A Year

New home sales in the U.S. rebounded by much more than expected in the month of September, according to a report released by the Commerce Department on Thursday. The Commerce Department said new home sales surged by 4.1 percent to an annual rate of 738,000 in September after tumbling by 2.3 percent to a revised rate of 709,000 in August.
RTTNews | 1日前
U.S. Weekly Jobless Claims Unexpectedly See Further Downside

U.S. Weekly Jobless Claims Unexpectedly See Further Downside

After reporting an unexpected pullback by first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims saw further downside in the week ended October 19th. The report said initial jobless claims fell to 227,000, a decrease of 15,000 from the previous week's revised level of 242,000.
RTTNews | 1日前
U.S. Weekly Jobless Claims Unexpectedly Fall To 227,000

U.S. Weekly Jobless Claims Unexpectedly Fall To 227,000

After reporting an unexpected pullback by first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims saw further downside in the week ended October 19th.
RTTNews | 1日前
U.S. Existing Home Sales Unexpectedly Slump By 1.0% In September

U.S. Existing Home Sales Unexpectedly Slump By 1.0% In September

A report released by the National Association of Realtors on Wednesday unexpectedly showed a continued decrease by existing home sales in the U.S. in the month of September. NAR said existing home sales slid by 1.0 percent to an annual rate of 3.84 million in September after tumbling by 2.0 percent to a revised rate of 3.88 million in August.
RTTNews | 2日前
Decline In U.S. Mortgage Applications Slows: MBA

Decline In U.S. Mortgage Applications Slows: MBA

The number of mortgage applications in the U.S. fell for the third week in a row, but at a slower pace in the week ended October 18, as higher interest rates continue to weigh on demand, results of a survey by the Mortgage Bankers Association showed Wednesday. The Market Composite Index, a measure of mortgage loan application volume, fell 6.7 percent from the previous week.
RTTNews | 2日前