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US: Import prices likely to have bottomed in February – TDS

TD Securities analysts suggest that the US import prices are expected to have bottomed in February following three months with consecutive declines, likely reflecting improving oil prices.

Key Quotes

“Indeed, consensus is penciling in import prices to have advanced 0.3% m/m, and -1.5% y/y (slightly up from a 1.7% contraction in January).”

“On the other hand, new home sales growth is expected to have slowed down for a second consecutive month, posting a mild 0.2% gain in January.”

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