Tuesday, September 11, 2007

Exports - Our Saving Grace

The markets were in desperate need of good news today, after a tumultuous past week where the Dow Jones Industrial Average lost 1.82%. Early in the morning, the markets received just that, when the July Trade Deficit report was released. The good news came in the form of a shrinking trade deficit and record export numbers.

The US trade gap narrowed by 0.3% in July, mainly due to a jump in exports. It fell to $59.2 billion, from a revised June number of $59.4 billion. Exports rose to a record $137.7 billion for the month. The percentage gain of 2.7% was the highest since March 2004, or more than three years. Imports also rose to record levels, inching up 1.8% to $196.9 billion.

Although imports rose significantly, the export number is very positive. In today's sluggish economy, exports are still booming, giving a lift to US corporations and the economy as a whole, despite the slowdown and pending credit crunch. Better yet, exports are not likely to decrease in the near future, due to strong overseas growth and the unceasing devaluation of the American dollar. Exports are acting as a cushion for the economy in these uncertain times, while providing a platform from which it can take off in the future.

1 comment:

Anonymous said...

And also the Web makes this amazing doing your research a very simple move generate. The web provides a level of privateness coupled with security that is difficult in order to get throughout other areas. Sexual men sizegenetics no more needs that should be a lengthy and as well hard procedure. Male sizegenetics therapists possess a robust presence over the internet and presently right now generally at this time now certainly , truth be told furthermore in that respect so here really is no reason to visit elsewhere when you're searching on a expert that will actually aid you.