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Import and Export Prices Tick Up, Econoday Robot Claims Progress

Thursday, October 13, 2016 20:39
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(Before It's News) / Mike “Mish” Shedlock / October 13, 2016 8:55:21

Import prices are up 0.1% matching the Econoday Consensus estimate in an unusually wide range of estimates from  -0.3% to +0.4%.

Export prices rose 0.3% vs.a consensus 0.1%. This may boost third quarter GDP estimate slightly.

Progress is the theme in September’s import & export price report where emerging pressures may be appearing. Import prices rose 0.1 percent in the month with export prices up 0.3 percent. And year-on-year rates are finally coming up for air, at only minus 1.1 percent for import prices which is the best showing since August 2014. The year-on-year rate for export prices is minus 1.5 percent for their best showing since October 2014.


The post Import and Export Prices Tick Up, Econoday Robot Claims Progress appeared first on Silver For The People.

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