Export prices in November 2008
December 16, 2008
Export prices fell 3.2 percent in November, the largest one-month decline since the index was first published monthly in December 1988. The decrease followed drops of 2.0 percent, 0.8 percent, and 1.6 percent in October, September, and August, respectively.
The 7.4-percent decrease over the past four months was the largest four-month decline since the index was first published in September 1983. As a result of the recent downward trend, export prices fell 0.2 percent over the past 12 months.
The price index for agricultural exports fell 7.0 percent in November and 23.0 percent over the past four months, the largest four-month drop since the index was first published in March 1985. The November drop was led by falling prices for meat, corn, soybeans, and wheat. Agricultural prices, which had risen 39.7 percent from July 2007 to July 2008, fell 2.8 percent for the year ended in November.
Nonagricultural prices fell for the fourth consecutive month, declining 2.9 percent in November following decreases of 1.3 percent, 0.9 percent, and 0.7 percent, respectively, in October, September, and August. The November decline was the largest one-month drop for the index since first being published monthly in December 1988 and was led by an 8.2-percent drop in prices for nonagricultural industrial supplies and materials. That decline was driven by lower prices for fuels, chemicals, and metals. The price index for nonagricultural exports was unchanged over the past year.
These data are from the BLS International Price program. Export price data are subject to revision. Learn more in "U.S. Import and Export Price Indexes — November 2008," (PDF) (HTML) news release USDL 08-1804.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Export prices in November 2008 on the Internet at http://www.bls.gov/opub/ted/2008/dec/wk3/art02.htm (visited October 28, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.