Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Where U.S. Exports Are Speeding Up And Slowing Down


Economic Trends

WHERE U.S. EXPORTS ARE SPEEDING UP--AND SLOWING DOWN

The dependence of U.S. exports on the current health of foreign economies is underscored by recent trade data. Economist Mitchell Held of Smith Barney, Harris Upham & Co. notes that though exports to Western Europe are down in the latest three months from the same period a year ago, exports to Britain are up a startling 17%. Calculated on a similar basis, U.S. exports to Canada and Australia are running 7.3% and 16.6% over last year, while exports to the NICs are up about 10% and to China, 41%.

What these destinations have in common, of course, is economies that are expanding. Canada, Britain, and Australia are on the recovery trail, while the NICs and China are still posting strong growth.

The biggest cloud on the economic horizon, says Held, is Mexico, where the economy has slowed significantly. After rising handily through much of last year, U.S. exports to Mexico have been declining since the third quarter. GENE KORETZ


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus