|
Following a 2.9
percent decline in April, New Hampshire exports surged 11.3 percent in May.
The $199 million May sales total was the highest level in nearly three
years, and $20.3 million more than a month ago.
Manufactured goods accounted for 79.7 percent of all state exports in May.
Exports of manufactured goods, adjusted for seasonal variation, climbed 10.6
percent from the previous month.
More important, compared with a year ago, foreign sales from New Hampshire
companies were $39.5 million, or 33.2 percent higher.
An export-led recovery is under way this year in New Hampshire’s
manufacturing industries.
This is important news for manufacturers as well as for the labor markets in
the Granite State. One in every four local factory jobs is generated by
exports.
Exports of non-manufactured goods totaled $40.4 million in May, a 14.3
increase from April. This group of shipments abroad consists of agricultural
goods, mining products, and re-exports.
At the national level, exports of goods, adjusted for seasonal variation,
jumped 4.2 percent in May.
What’s the outlook for exports? According to a recent business survey,
conducted by the Institute of Supply Management, the nation’s supply
executives continue to be optimistic.
The Tempe, Ariz., based research institute reported that its indicator of
export orders exhibited growth for future sales in June for the 19th
consecutive month.
Maine exports also strong.
Following a 12.5 percent leap in April, foreign sales of made-in-Maine goods
jumped 7.9 percent in May.
The $15.2 million monthly rise brought exports, adjusted for seasonal
variation, to $206.2 million in May.
Maine’s sales abroad also show sustained improvement. Exporters sold $20.5
million, or 11.0 percent, more goods than a year ago.
Manufacturers’ foreign sales led May’s surge in exports. Shipments abroad of
manufactured goods, adjusted for seasonal variation, advanced 10.9 percent
from the previous month to $154.7 million.
Manufactured goods accounted for three-fourths of all state exports in May.
Exports of non-manufactured goods totaled $51.4 million in May, a 0.1
decrease from April.
Looking at export growth, Maine ranked twelfth among the 50 states for its
performance this year.
|
