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Maine exports
International sales from Maine’s companies surged 23.8 percent in September,
a strong rebound from a 17.4 percent decline in August, The latest snapshot
in international trade activity brought state exports of goods to $180.9
million, adjusted for seasonal variation, which is $34.8 million more than
in August.
Led by strong demand from Malaysia and Singapore, foreign sales from Maine’s
companies improved on an annual basis too. In September of 2004, state
exporters shipped abroad $7.9 million, or 4.6 percent, more goods than in
September of 2003.
September’s exports were largely driven by manufactured goods, which
accounted for 80 percent of all state exports. Foreign shipments from
manufacturing companies rose sharply in September by 19.9 percent from the
previous month to $144.2 million, adjusted for seasonal variation. Compared
to last year, sales abroad from state factories were $23.8 million, or 4.6
percent, higher than in September of 2003.
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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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