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ECON: Imports and Exports Both Lower Than Expected
Posted to: Micro News
Thursday, September 12, 2013 8:55 AM
- Import Prices +0.0 vs +0.4 forecast
- Export Prices -0.5 vs +0.1 forecast
- Market Reaction: essentially none, but tough to say as a stronger inflation number may have had some negative effect. So perhaps it helped hold ground. Markets don't react much to this series of data anyway.
Prices for U.S. imports were unchanged in August, the
U.S. Bureau of Labor Statistics reported today, after
ticking up 0.1 percent in July. In August, higher fuel prices were offset by declining nonfuel prices. U.S.
export prices fell 0.5 percent in August following a 0.1 percent decrease the previous month.
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