Import prices in the United States increased by 1 percent in May compared to the previous month. This is evident from figures from the United States government.
Economists generally expected an increase of 0.6 percent. US export prices rose 0.5 percent on a monthly basis, in line with economists’ average expectations.
Americans’ confidence in the economy increased slightly in June from May, when there was also a cautious recovery from the April’s blow as a result of the corona crisis. That was announced by the University of Michigan on the basis of preliminary figures on its index that measures consumer confidence.
The index had a preliminary level of 78.9 against 72.3 in May. Economists generally expected confidence to be 75.
Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.
