Capital goods, consumer goods and industrial supplies being exported made the difference here at a time when auto parts and cars were weaker. The good news is that rising exports may signal that the slowing in Asia and the weakness in Europe are continuing to base out and perhaps even be improving. Petroleum imports were at the lowest reading in two and a half years.
The International trade balance is made up of merchandise and services, broken down as imports, exports and trade balance.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.
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