Partly reflecting a steep drop in fuel prices, the Labor Department released a report on Tuesday showing U.S. import prices fell by more than expected in the month of June.The Labor Department said import prices tumbled by 0.9 percent in June, while revised data showed prices were unchanged in May.Import prices had been expected to drop by 0.7 percent compared to the 0.3 percent decrease originall...
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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.