Trade Deficit Drops

By December 13, 2006Trade

The Commerce Department announced yesterday that the trade deficit dropped again, its sharpest drop in almost five years. This was the 12th consecutive month in which manufactured goods exports outpaced imports, with the export of advanced technology goods leading the way. While the trade deficit is still large, this is encouraging news, because it means we are selling more US-made goods overseas. Of course, it doesn’t hurt that the dollar is lower these days vis a vis the euro. It makes our goods cheaper in foreign markets and that ain’t bad.

Here’s a link to our press release, welcoming this bit of good news for manufacturers.