Lucro do BCP cresce 3% para 502 milhões até junho

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8:46am 09/10/04 CORRECT: U.S. INTERMEDIATE CORE PPI UP 7.3% Y-O-Y
8:30am 09/10/04 U.S. AUG. PPI DOWN 0.1% VS. UP 0.2% EXPECTED
8:30am 09/10/04 U.S. AUG. CORE PPI DOWN 0.1% VS. UP 0.1% EXPECTED
8:30am 09/10/04 U.S. AUG INTERMEDIATE PPI UP 1%; CRUDE DOWN 0.7%
8:30am 09/10/04 U.S. AUG. CORE INTERMEDIATE PPI UP 1%
8:30am 09/10/04 U.S. JULY IMPORTS DECLINE FOR FIRST TIME IN 11 MONTHS
8:30am 09/10/04 U.S. AUG PPI ENERGY PRICES UP 0.2%; FOOD DOWN 0.2%
8:30am 09/10/04 U.S. JULY TRADE GAP WITH CHINA RECORD $14.9 BLN
8:30am 09/10/04 U.S. JULY TRADE GAP BELOW CONSENSUS OF $52.2 BLN
8:30am 09/10/04 U.S. JULY TRADE GAP NARROWS 8.9% TO $50.1 BLN

ECONOMIC REPORT: Trade deficit slips lower in July; Imports decline for first time in eleven months
By Gregory Robb, CBS Marketwatch.com Last Update: 8:36 AM ET Sept. 10, 2004

WASHINGTON (CBS.MW) - The U.S. trade deficit narrowed in July as imports fell for the first time in almost a year, the Commerce Department reported Friday.

The U.S. trade deficit narrowed 8.9 percent to $50.1 billion in July. This is the sharpest decline in the deficit since December 2001.

Despite the decline, July's trade gap is still the second highest on record. Read complete release.

Most economists had expected an improvement in the trade deficit in July after it widened 16 percent in June, but the actual deficit was slightly below the CBS Marketwatch consensus forecast of $52.2 billion.

The trade gap in June was revised down slightly to $55.0 billion, compared with the initial estimate of $55.8 billion, but is still the highest deficit on record.

After the first seven months of 2004, the trade deficit is on track to surpass the record $496.5 billion set last year. The deficit for the first six months is $339.0 billion, ahead of last year's pace of $289.6 billion.

Imports declined for the first time in eleven months, falling1.4 percent to $146.0 billion.

Exports rose 3.0 percent to $95.9 billion to their second highest level on record after suffering their largest drop since September 2001 in the previous month.

The U.S. trade deficit with China widened to $14.9 billion in July compared with $11.4 billion in the same month last year.

The U.S. also set a trade deficit with Germany in July.

Imports of goods alone fell 1.5 percent to $122 billion. The drop in imports was widespread. Most major categories fell, with only auto imports up 2.1 percent.

Exports of goods alone rose 4.3 percent to $67.5 billion. Exports of autos and auto parts set a new record of $7.6 billion. Exports of civilian aircraft jumped 41.2 percent to $1.9 billion.

Oil

A drop in oil imports contributed to the decline in imports in July.

The U.S. imported 318.8 million barrels of crude oil in July, or 10.3 million barrels per day, down from 346.5 million or 11.6 million barrels, in June.

The average price per barrel of oil fell to $33.28 in July from $33.76 in June. This is the first decline in the average price in eight months.

Separately, the Labor Department reported that August PPI fell 0.1 percent and the core rate was also down 0..1 percent.



ECONOMIC REPORT: U.S. PPI, core both off 0.1% in August; Core intermediate goods prices' rise fastest in nine years
By Rex Nutting, CBS.MarketWatch.com Last Update: 8:53 AM ET Sept. 10, 2004

WASHINGTON (CBS.MW) -- Prices of U.S. wholesale goods and services fell 0.1 percent in August, the Labor Department said Friday.

The core producer price index -- adjusted to exclude food and energy goods -- also fell 0.1 percent. Read the full release.

Economists had been expecting slight gains in each measure of inflation for finished goods. The CBS MarketWatch average forecast saw the PPI up 0.2 percent and the core PPI rising 0.1 percent. See Economic Calendar.

It's the second decline in the past three months for the PPI. In the past 12 months, the PPI is up 3.4 percent, down from 4 percent in July.

The core PPI is up 1.5 percent in the past 12 months.

In a separate report, the Commerce Department said the nation's trade deficit narrowed by 8.9 percent in July, to $50.1 billion. Imports declined for the first time in 11 months. See full story.

Bonds cheered the tame inflation news, which takes pressure off the Federal Reserve to step up the pace of its widely expected rate hikes. Stock futures and the U.S. dollar were little changed on the report.

The Fed is expected to raise its federal funds rate by a quarter of a percentage point, to 1.75 percent, when policymakers meet on Sept. 21.

At the finished level, energy prices rose 0.2 percent in August.

While gasoline prices tumbled 5 percent even as crude oil prices were hitting fresh records during the month, prices for home heating oil jumped 7.8 percent with liquefied petroleum gas prices soaring 13.9 percent.

Finished food prices fell 0.2 percent, marking the third decline in a row after three months of large gains.

Capital equipment prices eased 0.1 percent. Auto prices were 1.2 percent lower, while light truck prices sank 2.5 percent.

Some inflationary signs

Inflation still roared further back in the production cycle, however. Prices of intermediate goods destined for further processing rose 1 percent in August, the fastest gain since April.

Core intermediate goods prices also increased by 1 percent in August, bringing the year-over-year gain to 7.4 percent -- the highest in nine years.

Prices of intermediate energy goods rose 2.7 percent, including a 15.1 percent gain in jet fuel prices.

Plywood prices jumped 13.7 percent last month, while softwood lumber prices rose 8.1 percent.

Prices of crude materials fell 0.7 percent in August. Prices of crude industrial materials rose 4.5 percent, while crude foodstuffs prices dropped 4.6 percent.

Crude energy goods prices fell 0.1 percent, despite the 12.5 percent rise in crude oil prices. Natural gas prices fell 6.7 percent.