Friday, October 09, 2009
Trade gap narrows, producer prices pick up
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

The goods and services trade deficit narrowed to 2.3 billion in August, from 2.6 billion in July, while the deficit on goods came down from 6.4 billion to 6.2 billion. Mildly encouraging data, though in August itself imports rose faster than exports. More here.

Producer price inflation turned positive, with a 12-month rise of 0.4% in output prices, 1.4% on 'core' output price inflation. Input prices were 6.5% lower than a year earlier, suggesting some rebuilding of margins. More here. Also today, the FT Acadametrics house price index rose by 0.6% in September, for a 12-month fall of 5.6%.