Investing.com – U.S. import prices declined less-than-expected in June, official data showed on Wednesday.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices fell by 0.5% in June, after rising by 0.1% in May, whose figure was revised down from 0.2%.
Analysts had expected U.S. import prices to fall by 0.6% in June.
It was the first monthly decline since June 2010.
Year-over-year, U.S. import prices rose at an annualized rate of 13.6% in June, above expectations for a gain of 13.2%.
The previous month’s figure was revised to 12.8% from a previously reported gain of 12.5%.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.6% to trade at 1.4061.
Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow Jones Industrial Average futures indicated a gain of 0.35%, S&P 500 futures pointed to a rise of 0.45%, while the Nasdaq 100 futures rose 0.55%.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices fell by 0.5% in June, after rising by 0.1% in May, whose figure was revised down from 0.2%.
Analysts had expected U.S. import prices to fall by 0.6% in June.
It was the first monthly decline since June 2010.
Year-over-year, U.S. import prices rose at an annualized rate of 13.6% in June, above expectations for a gain of 13.2%.
The previous month’s figure was revised to 12.8% from a previously reported gain of 12.5%.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.6% to trade at 1.4061.
Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow Jones Industrial Average futures indicated a gain of 0.35%, S&P 500 futures pointed to a rise of 0.45%, while the Nasdaq 100 futures rose 0.55%.