U.S. import prices fall 0.4% in April
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Investing.com -
Investing.com - U.S. import prices fell unexpectedly in April, official data showed on Tuesday.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices decreased by a seasonally adjusted 0.4% last month, compared to forecasts for a 0.3% gain.
Import prices for March were revised down to a 0.4% gain from a previously reported rise of 0.6%.
Year-over-year, U.S. import prices fell at an annualized rate of 0.3% in April, following a 0.6% drop in March.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.36% to trade at 1.3708.
Meanwhile, U.S. stock index futures pointed to a modestly higher open. The Dow pointed to a gain of 0.15%, the S&P 500 indicated a rise of 0.15%, while the Nasdaq 100 signaled an increase of 0.1%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
