Below expectations
The US import and export prices all missed on the downside.
- Import prices fell -0.6% vs -0.2% exp. The prior month was also lower at -0.1% vs 0.0%. The decline this month was the largest since Jan 2016
- Export prices fell -0.1% vs 0.0% exp. The prior month showed a decline of -0.5%
- Import prices ex Petroleum fell -0.2% which was as expected. The prior month fell -0.2% vs -0.1% previous reported
- Import prices YoY was lower at 3.7% vs 4.1% (prior 4.9% vs 4.8 previously reported)
- Export prices YoY rose 3.6% vs 4.3% last
- industrial supply prices fell -2.2%
- capital goods prices fell by -0.1%
- auto prices unchanged
- consumer goods prices unchanged
The figures don't reflect the impact of the tariffs. Price of imports from Canada fell -1.5%. That was the largest fall since January 2016. The EU, China, and Mexico each showed -0.1% drops.
