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US: Prices for US imports edged up 0.1% in July

"Prices for U.S. imports edged up 0.1 percent in July, led by higher fuel prices which more than offset lower prices for nonfuel imports," the U.S. Bureau of Labor Statistics said on Tuesday.

Key quotes:

  • The July increase in import prices followed declines in each of the 2 previous months
  • U.S. export prices advanced 0.4 percent in July, after decreasing 0.2 percent in June
  • Prices for U.S. exports rose 0.8 percent over the past year, continuing an upward trend
  • Fuel prices rose 0.5 percent in July following declines of 2.6 percent in June, 0.9 percent in May, and 0.4 percent in April
  • In contrast, nonfuel import prices edged down 0.1 percent in July, the first monthly decrease since a 0.1-percent drop in January

NY Fed: Business conditions index climbed fifteen points to 25.2, highest level in nearly 3 years

"Business activity grew strongly in New York State, according to firms responding to the August 2017 Empire State Manufacturing Survey," the Federal R
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US: Strong retail sales point to robust start to quarter - ING

US retail sales figures for July are very good, rising 0.6%MoM in July versus the consensus 0.3% forecast as consumers are clearly happy to spend, off
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