Import costs in the U.S. fell by far more than expected in the month of August, inning accordance with a report launched by the Labor Department on Friday.
The Labor Department said import rates stopped by 0.6 percent in August after edging down by a revised 0.1 percent in July.
Economists had actually expected import rates to dip by 0.2 percent compared to the unchanged reading initially reported for the previous month.
The report likewise stated export costs slipped by 0.1 percent in August after falling by 0.5 percent in July. Export rates had actually been expected to come in unchanged.
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