Investing.com – U.S. import prices fell more-than-expected in September, official data showed on Wednesday.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices fell by 0.3% in September, after rising by 0.6% in August.
Analysts had expected U.S. import prices to decline by 0.1% in September.
The report said that year-on-year, U.S. import prices rose less-than-expected, increasing by 3.5% in September, after rising by 4.0% in August.
Analysts had expected year-on-year U.S. import prices to rise by 3.8% in September.
According to the data, U.S. import prices fell as a big drop in petroleum prices offset gains in food and other non-fuel goods.
Following the release, the U.S. dollar was down against the euro, with EUR/USD gaining 0.28% to hit 1.3964.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a gain of 0.63%, S&P 500 futures pointed to an increase of 0.71%, while the Nasdaq 100 futures indicated a rise of 0.67%.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices fell by 0.3% in September, after rising by 0.6% in August.
Analysts had expected U.S. import prices to decline by 0.1% in September.
The report said that year-on-year, U.S. import prices rose less-than-expected, increasing by 3.5% in September, after rising by 4.0% in August.
Analysts had expected year-on-year U.S. import prices to rise by 3.8% in September.
According to the data, U.S. import prices fell as a big drop in petroleum prices offset gains in food and other non-fuel goods.
Following the release, the U.S. dollar was down against the euro, with EUR/USD gaining 0.28% to hit 1.3964.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a gain of 0.63%, S&P 500 futures pointed to an increase of 0.71%, while the Nasdaq 100 futures indicated a rise of 0.67%.