Where are Export Prices Headed?
In the U.S., export price inflation has flagged recently, falling to its lowest reading in almost three years. Regarding trade itself, in October, goods exports dropped to its lowest level in almost a year, helping to widen the trade deficit.
This is happening on the heels of monetary easing around the globe, which some have hoped would spur the competitiveness of exports. ECRI’s latest study outlines the trajectory of leading indicators of export price inflation, showing whether price growth will indeed strengthen, or weaken further, in the quarters ahead.