Prices of imported capital goods decline again in 2003
November 02, 2004
The capital-goods import price index was the only major import-price category to decline in 2003, falling 1.1 percent. Overall U.S. import prices increased for the second consecutive year.
The capital goods index has declined every year since 1995 and has trended with the steady decline in prices for computers, peripherals, and semiconductors.
Since the end of the technology boom of the 1990s, computer and semiconductor sales have slumped along with sales of telecommunications equipment. At the same time, with rapid innovation keeping manufacturing costs low and the industry undergoing consolidation, prices have continued to decline steadily.
These data are from the International Price program. To learn more about import and export prices, see U.S. import and export prices in 2003, by Melissa E. Schwartz, in the Monthly Labor Review, September, 2004. Capital goods represent approximately 28 percent of U.S. imports and include many products, such as electrical generating equipment; computers, peripherals, and semiconductors; and transportation equipment, excluding motor vehicles.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Prices of imported capital goods decline again in 2003 on the Internet at https://www.bls.gov/opub/ted/2004/nov/wk1/art02.htm (visited January 24, 2017).
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.