Healthcare and staples join technology in August import slowdown

China 2899 Consumer Staples 735 European Union 774 Info Tech - Tech Hardware 736 U.S. 5200

U.S. imports increased by 4.4% from July to August, or 11.2% year over year. This was an 18.1% increase compared to 2019, indicating that the import surge is more than a pandemic recovery. August was also the second highest month of U.S. imports on record, albeit the slowdown in growth. This has shown increasing strain in logistics, building up to an important holiday season. The largest growing source of imports were Asian countries excluding China, increasing by 22.0% year over year, overtaking imports from Europe which grew by 16.2% year over year. Imports from China actually increase...

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