The good news was that import pricing was lower. This is a sign that margins can hold for companies that are relying on imports. In addition is continues to provide evidence that PPI and CPI should be within a reasonable level for

Import pricing came in soft, once again showing that inflation is not a worry. Considering all of the money that has been pumped into the system that is simply remarkable.

While that is good to see as it shows that margin pressure may not be a concern and inflation pressures are subdued, imports and exports are dropping off rather noticeably.