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  1. 07-10-2009, 04:28 PM #1
    JohnDoe2
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    California exports in May drop for seventh month in row

    California exports in May drop for seventh month in row

    The Associated Press
    10:25 a.m. July 10, 2009

    SACRAMENTO — California exports fell 25.2 percent in May, the seventh straight month of decline compared to the same period a year earlier.

    The University of California Center Sacramento says the state sent $9.5 billion worth of products abroad in May. That's down from $12.7 billion a year ago and is the lowest for May since 2004.

    Exports of manufactured goods dropped 28 percent. Agricultural and other non-manufactured goods dropped 23.3 percent.

    Jock O'Connell, the UC Center's adviser on international trade and economics, said the figures "offer no encouragement that economic recovery will be a near-term thing."

    The figures were based on data released Friday by the U.S. Commerce Department.

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  2. 07-10-2009, 04:46 PM #2
    vortex
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    Well the entire financial mess we face these days was not an overnight thing, so why should there be a quick recovery?
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