The United States Export Price Index (EPI) exhibited a slight uplift in May 2024, according to freshly released data. The EPI has landed at -1.0% for the month, showcasing a modest improvement from the previous figure of -1.4% recorded in March 2024. This data update was officially published on 16 May 2024.
The Export Price Index measures the change in the prices of goods and services sold by the U.S. to foreign buyers. The current indicator's achievement of -1.0% signifies a narrower decline in export prices compared to the -1.4% logged in the prior evaluation period. This comparison is conducted on a year-over-year basis, juxtaposing the month-specific data of May 2024 with that of May 2023, and similarly for March 2024.
The incremental rise from -1.4% to -1.0% signals a deceleration in the pace at which U.S. export prices are falling, suggesting potential resilience in the face of global economic challenges. Market analysts will closely monitor this trend to assess its impact on trade balances and broader economic health.
