Investing.com - U.S. import prices declined in line with market expectations in November, official data showed on Thursday.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices dropped by a seasonally adjusted 0.6% in November from a month earlier, meeting forecasts. Import prices for October were revised up to a 0.6% decline from a previously reported drop of 0.7%.
Year-over-year, U.S. import prices fell at an annualized rate of 1.5% last month, following a 2% drop in October.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.07% to trade at 1.3776.
Meanwhile, U.S. stock index futures pointed to a lower open. The Dow Jones Industrial Average futures pointed to a loss of 0.15%, S&P 500 futures indicated a drop of 0.1%, while the Nasdaq 100 futures signaled a decline of 0.1%.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices dropped by a seasonally adjusted 0.6% in November from a month earlier, meeting forecasts. Import prices for October were revised up to a 0.6% decline from a previously reported drop of 0.7%.
Year-over-year, U.S. import prices fell at an annualized rate of 1.5% last month, following a 2% drop in October.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.07% to trade at 1.3776.
Meanwhile, U.S. stock index futures pointed to a lower open. The Dow Jones Industrial Average futures pointed to a loss of 0.15%, S&P 500 futures indicated a drop of 0.1%, while the Nasdaq 100 futures signaled a decline of 0.1%.