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BUSINESS TRENDS

Behind the Export Boom

 

December 2008

Industrial supplies and materials were the leading driver of export growth for the year ending in the second quarter of 2008, accounting for about 36% of the growth, according to the U.S. Bureau of Economic Analysis.

American exports grew at an inflation-adjusted rate of 11.8% in the 12 months studied. Capital goods, except automotive, accounted for about 34% of the growth; automotive, consumer and other goods accounted for about 22%; and foods, feeds and beverages accounted for about 8%.

Source: Bureau of Economic Analysis, www.bea.gov.

 

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