Economic Reports 12/14/06
Summary: Initial claims down, however continuing claims 4 week MA still rising.
Import & export prices still increasing due to energy stagflation in the supply chain. On the news, bond prices down, yields up, gold down & $ up to a 3 week high vs Yen.
Import Prices Nov +0.2% vs prior -2.3% Full Report
Inside the number: Overall prices rose only +0.2% due to a Sept -10.9%, Oct -10.1% and Nov -1.6% drop in imported oil prices. Non petroleum import prices +0.7% vs -0.5%. All imports YOY 04-05 +6.4%; 05-06 +1.2%.
Export Prices overall +0.4% vs -0.3%, ag exports +4.4% vs +1.1%, ex ag +0.1% vs prior -0.5%. All exports YOY 04-05 +2.8%; 05-06 +3.9%
Initial Claims -20K @ 304K
Inside the number: -5% vs 1 year ago, 4 week MA -1.5K @ 327.25K. Continuing claims -33K @ 2.47M, -4.5% vs 1 year ago, however, 4 week MA +9.25K @ 2.47M
Import & export prices still increasing due to energy stagflation in the supply chain. On the news, bond prices down, yields up, gold down & $ up to a 3 week high vs Yen.
Import Prices Nov +0.2% vs prior -2.3% Full Report
Inside the number: Overall prices rose only +0.2% due to a Sept -10.9%, Oct -10.1% and Nov -1.6% drop in imported oil prices. Non petroleum import prices +0.7% vs -0.5%. All imports YOY 04-05 +6.4%; 05-06 +1.2%.
Export Prices overall +0.4% vs -0.3%, ag exports +4.4% vs +1.1%, ex ag +0.1% vs prior -0.5%. All exports YOY 04-05 +2.8%; 05-06 +3.9%
Initial Claims -20K @ 304K
Inside the number: -5% vs 1 year ago, 4 week MA -1.5K @ 327.25K. Continuing claims -33K @ 2.47M, -4.5% vs 1 year ago, however, 4 week MA +9.25K @ 2.47M
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