Afternoon Coffee: Import and Export Prices Fall, Wholesale Inventories Decline


Lower fuel costs caused August import and export prices to fall 1.8% and 1.4%, respectively, from July, the Bureau of Labor Statistics reported today. Fuel imports took one of the biggest dives in August, dropping 13.3%.

Wholesale inventories and sales also are on the decline, with stockpiles falling 0.1% in July and sales taking a 0.3% dive. This follows a 0.7% rise of wholesale inventories and 0.4% in sales in June.

Manufacturing output in UK factories during July fell 0.8% from the previous month and 0.5% from July 2014, marking the first annual fall in nearly 2 years. The drop was due to weak exports.  

A second person has died due to the salmonella outbreak linked to now recalled cucumbers distributed by Andrew & Williamson Fresh Produce of San Diego. US health officials found strains of salmonella in the cucumbers, which were grown in Mexico, and have reported 341 cases of salmonella in the country since July 3.  

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