US November imports likely to continue the downward trajectory

US Import Price Index mom is expected by the market consensus to be dropping by 0.8% in the month of November, while the index is expected to show a drop of 9.6 % year on year basis.

This anticipated decline is probably due to weak metal prices.

"Widespread reductions in foreign product costs probably pared the Import Price Index (IPI) by 0.7% in November, Our projections, if realized, would place the overall and non-oil IPIs 9.5% and 3.4% below their respective October 2014 levels", says Societe Generale in a research note.