US import and export prices for February 2016
– Prior -1.1%
– -6.1% vs -6.55 exp y/y. Prior -6.2%. Revised to -6.3%
– Export prices -0.4% vs -0.5% exp m/m. Prior -0.8%
The news wires are flagging that it’s the 8th straight month of declines but prices aren’t falling as much as they were so that’s makes it less gloomy than the wires are suggesting.