Mann at WorkReed Construction Data editor Denise Mann gathers North American construction-related economic announcements from around the Web and summarizes them just for BuildingTeam Forecast readers. Your feedback and suggestions for future topics to be covered are always welcome. RSS FeedRecent Posts
ArchivesBlogThursday, November 15, 2007International Trade Numbers for Canada and the U.S. ReleasedNov 15 2007 12:12PM | Permalink | Email this | Comments (0) | Both Canada and the U.S. released their international trade numbers on Friday, November 9. The headline news in Canada was the drop in the trade balance to its lowest level since December 1998. In the U.S., rising exports and lower imports resulted in a decrease in the goods and services deficit, when compared to the levels recorded in September 2006. To understand the implications of international trade on the construction industry, check out this article from our archives by CanaData chief economist Alex Carrick — U.S. trade deficit stuck at $60 million per month — for more insights. Canada’s trade balance with the world drops in September Exports decreased 2.3% to $37.7 billion in September, the lowest level since October 2006. Only three sectors — automotive products, energy products, and other consumer goods—reported profits. Imports rose 2.2% to $35.1 billion, recapturing some of the loss registered in August. Energy products were by far the main force propelling the rise, followed by industrial goods and materials, automotive products and other consumer goods. United States trade deficit falls $7.7 billion year over year in September September exports were $1.5 billion more than August’s exports of $138.6 billion. September’s imports were $1.2 billion more than August’s imports of $195.4 billion. In September, the goods and services trade deficit was down $7.7 billion from September 2006. Exports were up $16.8 billion, or 13.6 per cent, and imports were up $9.1 billion, or 4.9 per cent. *Monthly figures, not annualized. Reader CommentsPost a comment |
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