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Thursday, June 20, 2019
HomeNewsEconomyU.S. Export Prices Outpace Imports, Both Beat Forecasts

U.S. Export Prices Outpace Imports, Both Beat Forecasts

Import, Export, Logistics concept - Map global partner connection of Container Cargo freight ship for Logistic Import Export background (Photo: AdobeStock/Elements of this image furnished by NASA)
Import, Export, Logistics concept - Map global partner connection of Container Cargo freight ship for Logistic Import Export background (Photo: AdobeStock/Elements of this image furnished by NASA)
Import, Export, Logistics concept – Map global partner connection of Container Cargo freight ship for Logistic Import Export background (Photo: AdobeStock/Elements of this image furnished by NASA)

U.S. import prices and export prices rose by 0.6% and 0.7%, respectively, the Bureau of Labor Statistics (BLS) reported Friday. This is the second straight month U.S. export prices have risen by 0.7%.

The consensus forecast for imports was looking for a 0.4% gain, ranging from a low of 0.3% to a high of 0.6%. The consensus forecast for exports was looking for a 0.3% gain, ranging from a low of 0.1% to a high of 0.3%.

PriorRevisedConsensusRangeActual
Import Prices – M/M0.6%1.0%0.4%0.3% — 0.6%0.6%
Export Prices – M/M0.6%0.7%0.3%0.1% — 0.3%0.7%
Import Prices – Y/Y-1.3%-0.8%-0.6%-1.0% — -0.4%0.0%
Export Prices – Y/Y0.3 %0.3 %0.6 %

Imports

Prices for U.S. imports have advanced by 1.7% in the first 3 months of 2019. The increase for the 3 months ended in March was the largest 3-month rise since the index rose 1.9% between October 2017 and January 2018.

The import price index recorded no change over the past 12 months.

Exports

Prices for U.S. imports advanced 0.7% the previous month after declining 0.6% in January and December. Prices for nonagricultural and agricultural exports each contributed to the total gain in March.

U.S. export prices rose 0.6 percent over the past 12 months.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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