Today, the Bureau of Economic Analysis released the latest numbers on U.S. international trade for April.
Key data:
• Goods and services exports (seasonally adjusted) declined from $123.9 billion in March to $121.1 billion in April. Exports have declined in all but one month since July. From July to April, U.S. exports have declined by 26 percent.
• Goods and services imports (seasonally adjusted) fell from $152.5 billion in March to $150.3 billion in April. Imports have declined for nine straight months. From July to April, imports dropped by 34 percent.
The data, unfortunately, reveal a dramatic contraction of trade, and show the continuation of a declining global and domestic economy.
Raymond J. Keating
Chief Economist
Small Business & Entrepreneurship Council
No comments:
Post a Comment