Export prices drop to nearly 10-year low

The strong U.S. economy – and a strong U.S. dollar – combined with a weak international economy to drive down export prices to one of the lowest levels since 2009. According to July data from the Bureau of Labor Statistics, overall export prices were down 6.1 percent from July last year. The biggest hits were taken by agricultural products, food and beverage, and industrial supplies and materials. The trio was down around 14 percent each from 2014. “A strong dollar is great for imports and…
Source: Morning Edition RSS Feed via http://www.bizjournals.com/memphis/blog/morning_call/2015/08/export-prices-drop-to-nearly-10year-low.html?ana=RSS&s=article_search