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12th Feb 2015 19:00U.S., Economic Monitor

Most of the time we don't pay much attention to the monthly import and export prices numbers, which markets routinely ignore. Right now, though, they matter, because the plunge in oil prices is hugely depressing the numbers and, thanks to a technical quirk, depressing reported GDP growth.

oil prices imports trade GDP retail sales weather

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Keywords for: 13 Feb. 2015 Oil Chaos is Distorting the Trade Data - Focus on Domestic Demand

oil prices, imports, trade, GDP, retail sales, weather,