Import prices in U.S. rise still lower than expected.

Wednesday, 14 December 2011 04:12

Official report of the U.S. Bureau of Labor Statistics indicates that prices of goods imported into U.S rose less than estimated by analysts in November.

The index rose by seasonally adjusted 0.7% for the first time in four months, but disappointing expectations for a 1.1% increase.
In a yearly review U.S. import prices rose at 9.9%, below 10.1% expectations.

Following news release dollar kept higher against euro, EUR/USD to trade at 1.2994.

In the meantime data on Canadian manufacturing sales was released.

Manufacturing sales fell 0.8% in October to $48.7 billion. The decrease was a surprise, especially after continued rise in 3 previous months.