U.S.: Summer's Pleasant Surprise: Sizzling Exports

Growth in key U.S. markets is looking better and better

That ray of sunshine starting to emerge from the U.S. trade balance is coming from exports. After languishing at a single-digit growth rate for most of last year, shipments headed overseas are surging once again. Stronger foreign demand for aircraft, machinery, and other wares is being fueled by improving growth abroad that more than offsets any loss of competitiveness suffered from last year's rise in the dollar.

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