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Manufacturers shipments result in $40.4 billion deficit 01-23-09 | News

Manufacturers shipments result in $40.4 billion deficit

U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced that total November exports of $142.8 billion and imports of $183.2 billion resulted in a goods and services deficit of $40.4 billion, down from $56.7 billion in October, revised. November exports were $8.7 billion less than October exports of $151.5 billion. November imports were $25.0 billion less than October imports of $208.2 billion.

In November, the goods deficit decreased $16.6 billion from October to $52.4 billion, and the services surplus decreased $0.4 billion to $12.0 billion. Exports of goods decreased $7.6 billion to $97.2 billion, and imports of goods decreased $24.2 billion to $149.7 billion. Exports of services decreased $1.2 billion to $45.6 billion, and imports of services decreased $0.8 billion to $33.6 billion.

The November 2007 to November 2008 change in imports of goods deflected decreases in industrial supplies and materials ($11.0 billion); automotive vehicles, parts, and engines ($5.7 billion); consumer goods ($3.8 billion); capital goods ($2.7 billion); and other goods ($0.1 billion). An increase occurred in foods, feeds, and beverages ($0.2 billion).

With trade slowing down in the economy, it may be a good time to concentrate your landscape business on domestic instead of foreign opportunities.

Source: Department of Commerce