Afternoon Coffee: Economic Data Shows Drop in Import Prices, Retail Sales and Increase in Business Inventories Kaitlyn McAvoy - July 14, 2015 12:11 PM | Categories: Afternoon Coffee | Tags: General News US import prices edged down slightly 0.1% in June, surprising economists who expected a 0.1% increase. The drop also follows a 1.2% increase in import prices in May. Business inventories rose 0.3% in May – less than expected. However, the inventory-to-sales ratio for the month was unchanged from April at 1.36. Consumers purchased fewer goods in June like cars and clothing, causing retail sales to drop 0.3% for the month. Car sales specifically fell 1.1%, furniture sales fell 1.6% and clothing sales dropped 1.5%. Chinese exports increased during June 2.8% compared to a year ago, reversing a downward trend seen in May. SIGN UP for the Spend Matters newsletter Dirty Rotten Spendrels Discuss this: Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email.