Investing.com - U.S. import prices declined more-than-expected in November, decreasing for the first time in four months, official data showed on Wednesday.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices fell by a seasonally adjusted 0.9% in November, compared to expectations for a 0.5% drop.
Import prices for October were revised down a 0.3% gain from a previously reported increase of 0.5%.
Year-over-year, U.S. import prices fell at an annualized rate of 1.6% in November, compared to expectations for a 1% drop.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.26% to trade at 1.3041.
Meanwhile, U.S. stock index futures remained higher. The Dow Jones Industrial Average futures pointed to a rise of 0.35% at the open, S&P 500 futures indicated a gain of 0.4%, while the Nasdaq 100 futures signaled an increase of 0.4%.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices fell by a seasonally adjusted 0.9% in November, compared to expectations for a 0.5% drop.
Import prices for October were revised down a 0.3% gain from a previously reported increase of 0.5%.
Year-over-year, U.S. import prices fell at an annualized rate of 1.6% in November, compared to expectations for a 1% drop.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.26% to trade at 1.3041.
Meanwhile, U.S. stock index futures remained higher. The Dow Jones Industrial Average futures pointed to a rise of 0.35% at the open, S&P 500 futures indicated a gain of 0.4%, while the Nasdaq 100 futures signaled an increase of 0.4%.