Data to bring inflation back into focus Oct 22, 2009
Slowing wages growth and a rampant Australian dollar - which reduces import prices, are giving the inflation rate plenty of room to decline, and it most probably will. But if the glide path is flatter than the RBA expects, a more aggressive approach to monetary policy would come into the frame. (Sydney Morning Herald -- Business)
Yuan might be new greenback as axis shifts Oct 20, 2009
For that reason, the US dollar is on the decline while our currency is benefiting from strong export volumes and high prices while import prices generally have been lower - thanks again to China. Right now, the greenback is the global currency. (Sydney Morning Herald -- Business)
Dow Average Is Back Over 10,000 Oct 15, 2009
Also supportive for stocks: reports showing better-than-expected U.S. retail sales and a smaller-than-expected rise in U.S. import prices last month. Among the best-performing industry groups in Tuesday's session, the Sroads index gained 5. (BusinessWeek)
How Iceland Copes with a Broken Economy Oct 14, 2009
A year after the island nation's savage economic collapse, unemployment and import prices are higher. But Iceland seems remarkably placid even happy. (BusinessWeek)
Duty call tripsRussia steel game Oct 14, 2009
In the 33-page report, issued by the Ministry of Economic Development and Trade in Moscow on October 8, the ministry detailed the results of a 10-month investigation into import prices for pipes produced and shipped by three Chinese manufacturers, Ningbo Heshen, Jianli Group, and Ningbo Sanji. The Russian complaint and request for anti-dumping penalties was initiated late last year by two mills in the TMK group, and the Pervouralsk pipemill. (Asia Times Online)
Economic outlook: Risks of inflation and deflation Oct 12, 2009
Inflation rates have turned negative in the US, the eurozone, Japan, Switzerland and Sweden but the UKs performance has been affected by rising import prices due to sterlings weakness. Prices for imported goods (excluding oil) rose 5. (FT.com -- Markets)
Retail Sales in U.S. Probably Fell on Post-`Cash for Clunkers' Auto Drop Oct 11, 2009
2% Import Prices MOM% 10/14 Sept. 2 ... 1% Import Prices YOY% 10/14 Sept. -15. (Bloomberg -- US)
'RBI set to tighten policy early-2010' Oct 8, 2009
Indeed, a stronger rupee would lower import prices, especially for fuel, a Moodys Economy. com report added. (India Times)
Dollar Slides Again On Arabs, Aussies, Fueling Carry Trade Oct 7, 2009
It may give exports a modest boost, but it will also lift import prices and perhaps spur higher inflation. And when traders borrow dollars and sell them to invest in assets of other currencies, they drive down the greenback and inflate the cost of commodities. (Investors Business Daily)
Press Release: Statement at the Conclusion of an IMF Mission to Cape Verde Oct 2, 2009
Inflation should remain low thanks to the outlook for a good harvest, and low food and energy import prices. International reserves have declined moderately in the first part of 2009, but it should remain solid owing in part to the recent SDR allocation by the IMF and expected new external loans. (IMF News)
Centre mulls new pulses import plan Oct 1, 2009
The increasing production-supply mismatch and hardening international prices against tighter global output has meant consistently higher import prices. For 2009-10, the projected production is around 15 million tonnes against a demand of almost 19 million tonnes. (India Times)
* Japan hints at currency intervention Sep 30, 2009
A strong yen puts downward pressure on import prices in a country where deflation is already at record levels, although policymakers and businesses tend to worry more about the impact it has on exports, the key driver of the countrys growth. The countrys key consumer price index, which excludes volatile fresh food prices, fell 2. (Taipei Times, Taiwan -- World Business)
Buttonwood: Chucking the buck Sep 25, 2009
It is hard to see what the American authorities could do to bolster their currency even if they wanted to (exporters are happy about the decline and higher import prices are not causing inflationary pressures). Low yields offer little support to the dollar. (The Economist)
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with Tonga Sep 23, 2009
The associated decline in import demand and declines in import prices reduced external pressures while unusually strong investment and capital flows in the latter half of 2008, both private and official, allowed reserves to increase slightly to over 4 months of import cover. Fiscal revenue fell considerably below budget targets in 2008/09 as a result of reductions in tax rates, slowing growth and declines in imports. (IMF News)
Recovery will be modest, Swan warns Sep 15, 2009
Mr Hockey said Australia's terms of trade - export prices compared to import prices - were higher now than when the Rudd Government won the 2007 election. Join the conversation. (Sydney Morning Herald -- Australia)
S Korea's import prices down in August Sep 15, 2009
The country's won-based import prices rose 2 ... However, officials believed that "the on-month gain in import prices reflected hopes for an economic recovery" in the country, according to Yonhap News Agency. (Xinhuanet, China)
Miners keep JSE in the black Sep 13, 2009
Online Edition Powered By IOL. DisplayAds('SkyLEFT',17,). (Business Report, South Africa)
US recovery gains traction Sep 12, 2009
US import prices jumped 2 ... Excluding petroleum, import prices increased a much milder 0. (Sydney Morning Herald -- Business)
Consumer sentiment strongest in 3 months Sep 12, 2009
U.S. import prices jumped 2 ... Excluding petroleum, import prices increased a much milder 0. (MSNBC -- Business)
Resources, miners push JSE higher Sep 12, 2009
US import prices are at 14:30 SA time and wholesale inventories at 16:00 SA time. Back in Johannesburg, Anglo American plc was up R6. (Business Report, South Africa)
Miners boost JSE Sep 12, 2009
Last Upd: 05:47pm 11 Sep 2009. R3,000 free @ Prestige Casino. (iAfrica.com)
Canada Has July Trade Deficit of C$1.4 Billion as Energy Imports Climb Sep 11, 2009
Export prices, like import prices, fell. The increase was led by an 11 percent jump in sales of both machinery and equipment and automotive products. (Bloomberg -- Canada)
U.S. Trade Deficit Probably Widened 1.5% in July as Global Commerce Rose Sep 6, 2009
Import prices probably rose 1 percent in August from the prior month, led by oil and other commodities, economists surveyed by Bloomberg forecast a Labor Department will report on Sept. 11. From a year earlier, import prices probably fell 16 percent, according to the survey ... Claims ,000s 9/10 22-Aug 6234 6200 Import Prices MOM% 9/11 Aug. -0. (Bloomberg -- US)
Press Release: IMF Executive Board Approves US$240.6 Million Arrangement for the Federal Democratic Republic of Ethiopia Under the Exogenous Shocks Facility Aug 27, 2009
Ethiopia has faced a turbulent external economic environment in the past two years, stemming from sharp movements in import prices and then the global slowdown. Surging import prices helped push reserves down to some US$900 million (1. (IMF News)
German business sentiment improves in August Aug 27, 2009
In a separate report the Federal Statistical Office confirmed German import prices marked a 12 ... 3 per cent fall in import prices for June and a 10. (Sydney Morning Herald -- Business)
Import Prices Fell the Most in More Than 22 Years in July on Energy Costs Aug 26, 2009
German July Import Prices Fall the Most in More Than 22 Years - Bloomberg ... German July Import Prices Fall the Most in More Than 22 Years ... Aug. 26 (Bloomberg) -- German import prices fell the most in more than 22 years in July, led by declining energy costs. (Bloomberg -- Germany)
India to host meet for WTO consensus Aug 26, 2009
One of the issues over which the talks in Geneva broke down was the level of increase in import prices of farm commodities, which would serve as a trigger for allowing developing countries to impose higher import duties. While the US wanted the trigger point to be high, India and some other developing countries wanted a lower trigger point. (India Times)
Venezuela Ends Seizure of Polar Plant, May Leave Cargill, Minister Says Aug 15, 2009
Prices for food and non-alcoholic beverages have declined this year on lower international import prices and government regulations. Annual food inflation was 27. (Bloomberg -- Latin America)
JSE storms to strong close Aug 14, 2009
In other reports out on Thursday, initial jobless claims rose marginally last week and import prices fell in July on lower energy prices. However, the Dow then inched into positive territory on the back of strong materials stocks and shortly before the JSE closed the Dow was up 25 points. (iAfrica.com)
Hadera Paper Ltd. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2009 Aug 10, 2009
Mr. Avi Brener, Chief Executive Officer of the Company, said that "the Group manages a wide and relatively diverse portfolio of companies and businesses. This fact is instrumental in dealing with the local and global crisis. The Group's financial stability, coupled with its efficiency in international terms, in terms of its production lines, energy systems and supply chains, in conjunction with its diverse portfolio consisting primarily of basic consumer goods, are all enabling the Company to... (PR Newswire)
U.S. Retail Sales Probably Rose as Cash-for-Clunkers Buoyed Auto Dealers Aug 9, 2009
0 Import Prices MOM% 8/13 July 3 ... 5% Import Prices YOY% 8/13 July -17. (Bloomberg)
Vital Signs: Balancing Act for the Fed Aug 7, 2009
The Week Ahead August 6, 2009, 6:23PM EST. On deck: the Fed meets, plus updates on productivity, foreign trade, federal budget, retail sales, business inventories, consumer prices and industrial production. (BusinessWeek)
Sugar may cross Rs 30/kg Aug 6, 2009
Last week, Kushagra Bajaj, joint MD of one of the country's biggest sugar mills, Bajaj Hindusthan, projected a high raw sugar price of 25 cents/pound, indicating that higher import prices for raw sugar could make it tougher for the industry to realise its production/processing price unless the government allowed domestic retail prices to climb up further. Retail prices now rule anywhere between Rs 27-30/kg. (India Times)
Hills profit slides, plans to raise $50m Aug 5, 2009
Profit fell as revenue rose slightly because the margins were hit by the volatility in steel prices and the slump in the Australian dollar increasing import prices. Hills declared a final dividend of two cents per share, taking the full-year payment to 10 cents, compared with the 27. (Sydney Morning Herald -- Business)
Rebalancing China's economy: The spend is nigh Jul 31, 2009
Yu Song and Helen Qiao of Goldman Sachs calculate that the decline is even more impressive in real terms (adjusting for changes in export and import prices), with the surplus shrinking to less than one-third of its level a year ago (see chart 1). They even suggest that a monthly trade deficit is possible within the next year. (The Economist)
Pulse prices likely to soar further Jul 22, 2009
On an average, import prices for key kharif pulses such as urad (matpe) and pigeon pea (arhar/toor) and yellow peas have gone up by a shocking $100 per tonne between March 2009 and May 2009, although prices for moong and lobia have remained static at $600-650/tonne and $450-$500/tonne, respectively. Accordingly, high prices are expected notwithstanding increased imports and domestic supplies. (India Times)
Record fall in Australias producer prices Jul 21, 2009
Import prices fell a steep 5. 9% in the quarter, in part due to a jump in the Australian dollar. (The Star Online, Malaysia -- Business)
Australian Producer Prices Drop a Record 0.8% on Cost of Imported Goods Jul 20, 2009
July 20 (Bloomberg) -- paid to Australian producers fell by a record amount in the second quarter as a rising currency cut import prices and demand for equipment slowed. The declined 0. (Bloomberg -- Australia & New Zealand)
Value of Australian Exports Falls in Second Quarter by the Most Since 1974 Jul 17, 2009
Economists forecast declines of 6 percent and 16 percent for import prices and export prices respectively. Lower prices for exports threaten to erode Australias economy, which was one of the few including China and India to expand in the first quarter. (Bloomberg -- Australia & New Zealand)
Import price drop aids tamer inflation Jul 17, 2009
8 per cent drop in iron and steel import prices. Export prices suffered an even bigger fall due to the strength of the Australian currency and the impact of lower annual benchmark prices for coal and iron ore. (Sydney Morning Herald -- Business)
Export prices plunge threatens recovery Jul 17, 2009
At the same time, import prices dropped 6. 4 per cent in June quarter, after a 2. (Sydney Morning Herald -- Business)
Sliding food prices bring UK inflation into target range Jul 15, 2009
Given the recent drop in wholesale food prices and lower import prices, "further falls in food CPI inflation are likely over the coming months", he said. The Bank of England has forecast that the annual consumer inflation rate is likely to fall below 1 percent later this year. (Business Report, South Africa)
Stocks Edge Higher Jul 10, 2009
The market was awaiting data Friday on the May U.S. trade deficit, June import prices, and the University of Michigan consumer sentiment survey for July. The reports were not likely to show much improvement, according to S. (BusinessWeek)
Trade Deficit in the U.S. Probably Widened in May Amid Higher Oil Prices Jul 10, 2009
Trade Deficit in the U.S. Probably Widened on Higher Oil Prices - Bloomberg. Updated: New York, Jul 10 04:05 London, Jul 10 09:05 Tokyo, Jul 10 17:05. (Bloomberg -- US)
Service Industries in U.S. Probably Shrank at Slower Pace as Slump Eased Jul 5, 2009
0 Import Prices MOM% 7/10 June 1 ... 0% Import Prices YOY% 7/10 June -17. (Bloomberg)
Press Release: IMF Executive Board Completes Fifth Review Under PRGF Arrangement for Haiti and Approves US$24.5 Million Disbursement and Extension of Arrangement Jul 3, 2009
Remittances, a critical lifeline to many Haitian families, have remained flat in recent months, while lower import prices have driven inflation to very low levels. The PRGF-supported program has been modified to preserve priority public investment spending needed to support job-creation and growth through the rest of this year, with the higher fiscal deficit being financed through exceptional central bank financing. (IMF News)
Vital Signs: Trade Gap Is Expected to Widen Again Jul 3, 2009
On deck: ISM non-manufacturing index, consumer credit, wholesale trade, international trade, import prices, consumer sentiment. By. (BusinessWeek)
Cutting up the form book Jul 3, 2009
For us, the implications are many, for our export prices, for our industrial import prices, and for our commodity base, imports and locally produced. We know by now electricity will be adding to our pricing woes. (iAfrica.com)
Mozambique: IMF Approves U.S. $176 Million Loan Jul 3, 2009
Takatoshi Kato, declared that "Mozambique continued with a strong macroeconomic performance in 2008. A flexible policy response to higher fuel and food import prices helped to mitigate the impact of internal and external shocks in a challenging external environment". Kato added that "Mozambique's strong track record of prudent macroeconomic policy implementation has provided room for an easing of fiscal and monetary policy in the near-term while remaining within its prudent medium-term strategy.... (allAfrica.com)
Press Release: IMF Executive Board Approves US$176 Million Exogenous Shocks Facility for Mozambique and Completes Fourth Review Under the Policy Support Instrument Jul 2, 2009
A flexible policy response to higher fuel and food import prices helped to mitigate the impact of internal and external shocks in a challenging external environment. As Mozambique remains vulnerable to the global economic slowdown, international and domestic developments will need to be closely monitored. (IMF News)
South Africa: Rand Hits 10-Month High as Trade Gap Narrows Jul 1, 2009
"However, we still expect weak domestic spending to contain import volumes, while the global recession should limit increases in key import prices," he said. Yesterday's data showed there was a R600m rise in vegetable exports, mainly into the rest of Africa, during May. (allAfrica.com)
Rand strengthens Jun 30, 2009
"While the ZAR is generally immune to local data, the trade figures might generate a response. Keeping in mind that the trade data is rather unpredictable, we expect the balance to reflect a continued deterioration in export volumes and a slight moderation in imports. However, the volatility in the oil price is likely to have exacerbated import prices and hence widen the trade deficit for the month. A worse-than-expected outcome could possibly slow the ZAR's current momentum," Ramkheawan said.... (iAfrica.com)
Inflation Remained Unchanged at Zero in June After Energy Prices Declined Jun 27, 2009
Import prices in Germany, Europes largest economy, dropped 10. 4 percent in May from a year earlier, the Federal Statistics Office said. (Bloomberg -- Germany)
Import Prices Have Biggest Decline in More Than 12 Years on Energy Costs Jun 26, 2009
German Import Prices Have Biggest Drop in Over 12 Years on Oil - Bloomberg ... German Import Prices Have Biggest Drop in Over 12 Years on Oil ... June 26 (Bloomberg) -- Import prices in Germany, Europes largest economy, dropped the most in more than 12 years in May led by declining energy costs. (Bloomberg -- Germany)
Economic impact of resurgent oil market Jun 20, 2009
In his June 9 report, he says billet import prices from South-East Asia has surged to the US$420 to US$430 per tonne levels, rising close to 20% in April alone. In his special address at the 14th Asia Oil onference in Kuala Lumpur recently, IEA executive director Nobuo Tanaka said energy investment had been affected as companies in the industry found it more difficult to obtain credit or faced higher costs of capital. (The Star Online, Malaysia -- Business)
Current account gap widens to 7%, but rand remains firm Jun 19, 2009
As a result, import prices fell 5 percent in the first quarter. The value of imports fell to R643bn from R739bn. (Business Report, South Africa)
U.S. consumers' mood strongest in 9 months Jun 16, 2009
In a worrying development, inflation readings in the consumer sentiment data and a separate report on import prices revealed potential price pressures at a time when the economy appears to be on track for recovery from the worst recession in decades. U.S. import prices rose 1 ... Analysts had forecast import prices would rise 1. (MSNBC -- Business)
Wall St week ahead: Stocks to track bank bailouts Jun 6, 2009
Trends in oil prices will be a factor in Wednesday's report on the international trade deficit for April and Friday's data for May on import prices and export prices. The Federal Reserve's Beige Book, an anecdotal report from the Fed's 12 districts, will shed some light on the economy's health when it's released on Wednesday afternoon. (Sydney Morning Herald -- Business)
Press Release: Statement by IMF Staff Mission to Rwanda Jun 3, 2009
This will result largely from a reduction in import prices, lower domestic food prices, and an easing of domestic demand pressures. Headline inflation already fell from 22 percent at end-2008 to about 13 percent in April 2009. (IMF News)
Every bungee jumper knows Jun 3, 2009
Returning global risk appetite and improving emerging market and commodity prospects are improving our terms of trade (export prices improving relative to import prices, increasing our national income) while redirecting growing volumes of foreign capital our way. SARB is probably not fully sterilising excess inflows, with government preoccupied with its growing budget deficit, borrowing requirement and national debt, its willingness to supply sterilization bonds limited. (iAfrica.com)
Public Information Notice: IMF Executive Board Concludes 2009 Discussion on Common Policies of Member Countries of the Eastern Caribbean Currency Union May 22, 2009
The deficit is projected to contract markedly to about 24 percent of GDP in 2009, with weaker demand for imports (owing to slowing FDI and domestic demand) and favorable movement in the region s terms of trade (underpinned by falling commodity import prices) more than offsetting the impact of continued lackluster tourism performance and declines in remittances and exports. Gross international reserves are expected to fall in 2009 (by about 1 percent of GDP), as capital inflows are projected to... (IMF News)
The Falling Value Of The Cedi And Inflation May 15, 2009
It may be extended to cover other commodities including food prices, house prices, and import prices and so on. Therefore the respective rate of inflation is simply their annual percentage increase in a certain period of time. (Ghana Web, Ghana)
Gold closes higher May 14, 2009
Meanwhile, the Labor Department said April import prices rose 1 ... 4 percent increase in petroleum import prices. (Xinhuanet, China)
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with Kuwait May 14, 2009
6 percent (on a year-on-year basis) in August and started to moderate toward the end of 2008 on weaker domestic demand and lower import prices ... Lower import prices, weaker domestic demand, and a moderation in rents should bring inflation down to 6 percent. (IMF News)
A million out of work for a year May 13, 2009
And the terms of trade - or the ratio of the country's export prices compared with import prices - will fall more than 13 per cent in the year to June. But the mining boom is not completely over, with the terms of trade remaining about 45 per cent higher than they were on average during the decade before the commodity boom. (Sydney Morning Herald -- Australia)
