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Exact(51)
Another important indication of slowing activity was the third-quarter drop in imports.
But in Japan, the second-biggest importer, fears over the safety of beef caused a 7.5% drop in imports in 1996, after rapid growth in the early 1990s.
Foreign embassies report a dramatic drop in imports.
Lower oil prices contributed to the drop in imports.
Inventory declines often go with a drop in imports, and the fourth quarter was no exception.
Net exports added slightly to growth, thanks mostly to a big drop in imports.
Similar(9)
Economists had expected a fall of 0.3percentt in producer prices and a 1percentt drop in import costs.
The September drop in import prices excluding petroleum was the first since May and the largest since a 0.5percentt drop in March 1999.
A Labor Department report today showed a 1.3percentt drop in import prices in January, more than twice the six-tenths of a percent fall in export prices.
The country's anticipated entry into the World Trade Organization has hurt Shanghai G.M.'s sales because many Chinese have put off car purchases, expecting prices to fall after the drop in import duties pushes prices down.
Here in Houston, total tonnage is down 13% so far this year in line with the national average including a 25% drop in grain and food aid, 46% fall in import autos, 84% drop in bagged goods (mainly food aid), 8% drop in import steel, and 7% decline in containers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com