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Exports fell 1.3percentto to $75.4 billion, the lowest level since February 1997, reflecting a drop in shipments of auto parts, industrial supplies and consumer goods.
It fell 0.1percentt in July, mostly reflecting a drop in factory orders and matching the declines in the previous two months.
Orders for electronic equipment fell 9.9percentto to $39.1 billion, in October, principally reflecting a drop in demand for electronic components.
WASHINGTON (AP) — The United States trade deficit edged down slightly in August, reflecting a drop in the value of foreign oil imports from record levels.
A problem that's more difficult — possibly reflecting a drop in expectations set by fast-food purveyors — is that the quality of some po' boy shops has declined.
Sales at service stations were down 1.1percentthethe biggest decline for any major category last month, reflecting a drop in gasoline prices because of an abundant world oil supply.
Similar(47)
Earlier, home building and buying grew exponentially in Merced, but the metro now suffers from a whopping 16.4% unemployment rate, according to the Bureau of Labor Statistics, reflecting a drop-off in building industry jobs and a grim housing market.
The numbers reflect a drop in sales growth from January.
For the most part, the fall in trade reflected a drop in demand.
But the bulk of the decline came in the volatile transportation sector, which reflected a drop in airplane orders.
The deficit, which narrowed to $1.62 billion from $3.08 billion in April, also reflected a drop in interest payments on government bonds.
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