Exact(8)
He suggested that central bankers should have responded to the fall in import prices from China by allowing inflation to fall below target.
For example in both the US and UK the fall in import prices may more than offset any decline in exports.
Germany is more exposed (quite aside from the damage to its motor industry from the VW scandal) but even Germany is benefiting from the fall in import prices.
Strange to say, however, while natural gas prices have dropped, rising oil production and a sharp fall in import dependence haven't stopped gasoline prices from rising toward $4 a gallon.
–The fall in import share, by contrast, has been going on steadily since 1996, when 56% of imports came from the 27 countries that are now E.U. members.
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.
Similar(52)
But such stinginess has led to a 19.8% fall in imports since last year.
More interestingly was the trade figures which showed a 10% fall in imports.
A $2.4 billion fall in imports of petrol and other industrial goods accounted for most of the improvement.
The country's trade deficit continued to widen, reaching $9.9 billion, despite a sharp fall in imports.Business confidence fell again in Germany.
The swing, which was much bigger than expected three years ago, reflects in part the swoon of domestic demand and associated fall in imports.
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