The Labor Department released a report on Thursday showing a substantial increase in import prices in the U.S. in the month of April.The report said import prices shot up by 1.9 percent in April after climbing by an upwardly revised 0.9 percent in March.Economists had expected import prices to jump by 1.0 percent compared to the 0.8 percent increase originally reported for the previous month.Price...
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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.