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Maine exports strong in May
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.
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Evangelos Otto Simos, chief economist at the consulting and research firm Infometrica Inc., is editor for International Affairs in the Journal of Business Forecasting and professor
and chair of the Economics department at the University of New Hampshire.
Simos can be reached at: eosimos@infometrica.com
Copyright © 2004 Foster's Online
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