A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August.The Labor Department said import prices rose by 0.3 percent in August after inching up by a downwardly revised 0.2 percent in July.Economists had expected import prices to edge down by 0.1 percent compared to the 0.4 percent increase originally reported for the previo...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.