ThomasNet News Logo
Sign Up | Log In | ThomasNet Home | Promote Your Business

NAM Economist sees opportunity in improving trade data.

Print | 
Email |  Comment   Share  
October 14, 2009 - Department of Commerce report shows U.S. trade deficit declined to $30.7 billion as exports rose to $128 billion in August. According to NAM Chief Economist, David Huether, export growth will be important for economic performance. OECD's Composite leading indicator improved in August for 6th consecutive month, signaling economic recoveries for most major trading partners. Huether stressed opportunities for U.S. exports and that Congress should approve FTAs with Panama, Colombia, and South Korea.

NAM Economist Sees Opportunity in Improving Trade Data


(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)

National Association Of Manufacturers (NAM)
1331 Pennsylvania Ave. N.W.
Washington, DC, 20004
USA



Press release date: October 9, 2009

U.S. Must Become More Export Intensive

WASHINGTON, D.C., October 9, 2009 - The National Association of Manufacturers (NAM) Chief Economist David Huether issued the following statement in response to the Department of Commerce's report today that the U.S. trade deficit declined by more than $1 billion in August to $30.7 billion as exports edged up $0.2 billion to $128 billion and imports fell $0.9 billion to $159.8 billion:

As the U.S. domestic economy continues to struggle to recover from the deepest recession in the post-World War II era, we are seeing more signs of improvement. Today's report brings welcome news of a recovery in exports. U.S. manufacturers have become more globally engaged over the past several decades, and this positive trend continues. Clearly, export growth will be an increasingly important ingredient in our economic performance.

Also, today's news from the Organization for Economic Cooperation and Development (OECD) that its composite leading indicator improved again in August for the sixth consecutive month clearly signals that economic recoveries have begun for most of our major trading partners. That means more opportunities for U.S. exports.

The emerging export recovery should remind everyone in Washington how dependent we are on foreign trade. Reducing barriers to trade means more good paying jobs in and out of manufacturing. Congress should approve the free trade agreements (FTAs) with Panama, Colombia and South Korea. We have a trade surplus in manufactured goods with our FTA partners, and these agreements will mean more exports - and jobs - for our country.

The National Association of Manufacturers is the nation's largest industrial trade association, representing small and large manufacturers in every industrial sector and in all 50 states. Headquartered in Washington, D.C., the NAM has 10 additional offices across the country. Visit www.nam.org for more information about manufacturing and the economy.

1331 Pennsylvania Ave. NW, Suite 600 o Washington, DC 20004 o (202) 637-3000

Print | 
Email |  Comment   Share  
Contacts: View detailed contact information.


 

Post a comment about this story

Name:
E-mail:
(your e-mail address will not be posted)
Comment title:
Comment:
To submit comment, enter the security code shown below and press 'Post Comment'.
 



 See related product stories
More .....
 See more product news in:
Services
| Featured Manufacturing Jobs
 Other News from this company:
NACD and Associquim Sign Memorandum of Understanding
Good News on ACA Implementation - Kind of
Participate in Manufacturing Day - Mark Your Calendars for October 4!
Business Group Praises Bipartisan Introduction of Bill Preventing Costly and Unnecessary Regulation of Main Street Risk Management
Manufacturers Win in Fight Against NLRB Overreach
More ....
 Tools for you
Watch Company 
View Company Profile
Company web site
More news from this company
E-mail this story to a friend
Save Story
Search for suppliers of
Trade Associations


Home  |  My ThomasNet News®  |  Industry Market Trends®  |  Submit Release  |  Advertise  |  Contact News  |  About Us
Brought to you by Thomasnet.com        Browse ThomasNet Directory

Copyright © 2014 Thomas Publishing Company. All Rights Reserved.
Terms of Use - Privacy Policy



Error close

Please enter a valid email address