Investing.com - U.S. import prices were flat in August, defying expectations for a modest increase, official data showed on Thursday.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices were unchanged in August from a month earlier, compared to forecasts for a 0.4% gain.
Import prices for July were revised down to a 0.1% increase from a previously reported rise of 0.2%.
Year-over-year, U.S. import prices fell at an annualized rate of 0.4% last month, compared to expectations for a 0.4% increase.
Following the release of the data, the U.S. dollar added to gains against the euro, with EUR/USD shedding 0.29% to trade at 1.3271.
Meanwhile, U.S. stock index futures pointed to a mixed open. The Dow Jones Industrial Average futures pointed to a flat open, S&P 500 futures indicated a loss of 0.1%, while the Nasdaq 100 futures signaled a 0.1% advance.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices were unchanged in August from a month earlier, compared to forecasts for a 0.4% gain.
Import prices for July were revised down to a 0.1% increase from a previously reported rise of 0.2%.
Year-over-year, U.S. import prices fell at an annualized rate of 0.4% last month, compared to expectations for a 0.4% increase.
Following the release of the data, the U.S. dollar added to gains against the euro, with EUR/USD shedding 0.29% to trade at 1.3271.
Meanwhile, U.S. stock index futures pointed to a mixed open. The Dow Jones Industrial Average futures pointed to a flat open, S&P 500 futures indicated a loss of 0.1%, while the Nasdaq 100 futures signaled a 0.1% advance.