Annual imports into the United States fell for the seventh straight month in August

The data showed that import prices in the United States rose by 0.5% in August after rising by 0.1% in July, and on an annual basis, imports fell by 3.0% in August after falling by 4.6% in July, which is the seventh consecutive monthly decline.

The prices of basic imports, which exclude fuel and food, fell by 0.2% in August, and on an annual basis, the prices of basic imports fell by 1.3% in August.

Other data showed that total industrial production in the United States rose by 0.4% in August after rising by 0.7% in July, and the capacity utilization rate in the industrial sector rose to 79.7% in August from 79.5% in July.

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