Investing.com - U.S. import prices fell in line with expectations in March, declining for the first time in three months, official data showed on Thursday.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices fell by a seasonally adjusted 0.5% in March, in line with expectations.
Import prices for February was revised down to a 0.6% gain from a previously reported increase of 1.1%.
Year-over-year, U.S. import prices fell at an annualized rate of 2.7% last month, compared to expectations for a 2% drop.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.42% to trade at 1.3127.
Meanwhile, U.S. stock future indices erased losses to point to a mixed open. The Dow Jones Industrial Average futures rose 0.1%, S&P 500 futures pointed to a gain of 0.1%, while the Nasdaq 100 futures pointed to a loss of 0.2% at the open.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices fell by a seasonally adjusted 0.5% in March, in line with expectations.
Import prices for February was revised down to a 0.6% gain from a previously reported increase of 1.1%.
Year-over-year, U.S. import prices fell at an annualized rate of 2.7% last month, compared to expectations for a 2% drop.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.42% to trade at 1.3127.
Meanwhile, U.S. stock future indices erased losses to point to a mixed open. The Dow Jones Industrial Average futures rose 0.1%, S&P 500 futures pointed to a gain of 0.1%, while the Nasdaq 100 futures pointed to a loss of 0.2% at the open.