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U.S. Import Prices Unexpectedly Rise 0.4% In December
(RTTNews) - While the Labor Department released a report on Friday showing an unexpected increase in U.S. import prices in the month of December, the report also showed a much steeper than expected nosedive in export prices.
The Labor Department said import prices rose by 0.4 percent in December after falling by a revised 0.7 percent in November.
The rebound surprised economists, who had expected import prices to decrease by 0.8 percent compared to the 0.6 percent drop originally reported for the previous month.
Meanwhile, the report said export prices plunged by 2.6 percent in December after declining by a revised 0.4 percent in November.
Economists had expected export prices to decrease by 0.5 percent compared to the 0.3 percent dip originally reported for the previous month.
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U.S. New Home Sales Spike From Downwardly Revised Level In April
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U.S. Weekly Jobless Claims Unexpectedly Edge Down To 227,000
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U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower
A report released by the Labor Department on Thursday unexpectedly showed a slight decline by first-time claims for U.S. unemployment benefits in the week ended May 17th.
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U.S. Leading Economic Index Slumps More Than Expected In April
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U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May
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U.S. Import, Export Prices Unexpectedly Inch Higher In April
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U.S. Housing Starts Rebound Less Than Expected In April, Building Permits Pull Back Sharply
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