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U.S. Exports Shine
June 27, 2008
The numbers are in, confirming what we in the trade community long suspected. U.S. exports are still strong, and it seems to signal a significant trend. According to the Department of Commerce, real exports of goods and services increased by 6.5. percent in the fourth quarter followed by an increase of 5.4 percent in the first quarter of 2008. This six-month surge kept our otherwise troubled economy from sinking further and gives trade analysts reason to hope for a rebound sooner than later. Indeed, the overall economy grew by 1 percent in the first quarter, and analysts suggest that demand for our cargo was an important element in that equation. Trade policy makers had better take notice, especially when it comes to renewing existing treaties and agreements.
Posted by Patrick Burnson on June 27, 2008 | Comments (1)
In response to: U.S. Exports Shine
Eric Stubin/ SORT PRES commented:
I recently listened to a Journal of Commerce conference call where manufacturers, shippers, carriers all lamented about the growing shortage of equipment and availability on outbound export vessels – expect this issue be in the forefront as we go into fourth quarter. As the 4th qtr is typically one of the biggest for exporters, this issue is one that needs to be brought to the forefront as the repercussions are far reaching as they will impact U.S. trade and our economy. if not addressed by the shipping industry.