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Pastimes : A Jackass, his PAL(indrome), and GOLD

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To: Jim Willie CB who wrote (290)1/20/2003 5:18:06 PM
From: yard_man   of 1210
 
recent data -- 40 some billion on the following imports

>>In the trade report, imports of goods and service jumped by 4.9 percent to $123.3 billion in November as the U.S. economic recovery help boost consumer demand for foreign-made goods.

Imports of consumer goods — a broad category of items that includes TVs, toys, apparel and household appliances rose by $2.7 billion to a new monthly record of $27.8 billion in November.

And, imports of foods, feeds and beverages also reached an all-time monthly high of $4.4 billion in November.

Exports, meanwhile, rose 1.1 percent to $83.2 billion in November. Although national economies around the globe are still recovering from a worldwide slump, they are healing more slowly than the United States and that has restrained demand for U.S. products.

Still, sales of U.S.-made consumer goods, such TVs and VCRs and toys, to other countries climbed to $7.3 billion in November, the highest level since July 2001.

But exports of cars slipped in November to $6.3 billion. Exports of capital goods, a broad category that includes airplanes, semiconductors, computers and medical equipment also lost ground, declining to $24.5 billion, in November.

By country, the United States' deficit with China widened to $10.5 billion in November, the second highest level on record.

The country's deficit with Japan increased to $6.5 billion in November as imports from the country climbed to the highest level since October 2001.

The trade deficit with Korea increased to a record $1.6 billion in November.

But the United States' trade deficit with Canada narrowed in November to $3.7 billion from $4.3 billion in October.

Going forward, a weaker U.S. dollar and healing economies abroad should help bolster U.S. exports, economists say.
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