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👤Arthur Greene
🕔December 13, 2016
U.S. import prices recorded their biggest drop in nine months in November on declining petroleum costs, with renewed dollar strength threatening to keep imported inflation subdued.
The Labor Department said on Tuesday import prices fell 0.3 percent last month after a downwardly revised 0.4 percent gain in October.…
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👤Arthur Greene
🕔December 6, 2016
The US goods and services trade deficit for October widened to $42.6bn from a revised $36.2bn for September, which was originally reported as a $36.4bn shortfall. The deficit was the largest for four months and higher than the consensus forecast of $41.7bn.…
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👤Arthur Greene
🕔December 6, 2016
Eurozone economic growth stabilized as initially estimated in the third quarter, data from Eurostat showed Tuesday. Gross domestic product expanded 0.3 percent sequentially in the third quarter, the same pace of growth as seen in the second quarter, while there was a small upward revision in annual growth to 1.7% from the previous estimate of 1.6% and the annual rate has held at 1.7% for the past three quarters.…
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U.K GDP Q3 at 0.5%
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👤Arthur Greene
🕔November 27, 2016
There seems to be no surprises in the UK GDP release: quarterly growth remains 0.5%, and yearly growth is 2.3%. Among the internal components, we find a rise of 0.9% in business investment while services stand at 0.8%. Exports are up 0.7% and imports down 1.5%.…
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👤Arthur Greene
🕔November 15, 2016
Reflecting a substantial increase in fuel prices, the Labor Department released a report today showing a slightly bigger than expected increase in U.S import prices in the month of October.
The import-price index, measuring the cost of goods ranging from Canadian oil to Chinese electronics, rose 0.5% from a month earlier, the Labor Department said earlier today, while economists surveyed expected prices to rise 0.3%.…
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Iran To Halt Gasoline Importation In 2017
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👤Arthur Greene
🕔November 14, 2016
Ali Kardor, the managing director of the National Iranian Oil Company (NIOC), told domestic media that there would be no provision in next year’s budget bill – currently being drafted by the government – for the import of gasoline.
Iran is actively involved in construction of new crude oil refineries, as well as upgrading existing ones.…
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0.2% Fall Reported for US Import Prices
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👤Lisa Harris
🕔September 14, 2016
There was a slump in US import prices for the first time in the last 6 months fuelled by the current trend of falling food prices and petroleum costs, hinting at a weak outlook for the US inflation rate. This turn of events could raise the chances of rates being kept steady by the Federal Reserve next week.…
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