Watch CBS News

Calif. Exports Bouncing Back Faster Than Economy

SACRAMENTO (AP) ― California exports are rebounding more quickly than the state's overall economy, posting the 11th straight month of improvement in September.

A report Wednesday by San Rafael-based Beacon Economics says the state's exports of manufactured goods increased 19 percent over the same month last year.

California sent $12 billion worth of goods overseas, a $2 billion increase over September 2009. Shipments of agricultural and other non-manufactured products increased nearly 11 percent.

Jock O'Connell, Beacon's international trade adviser, says California exports outpaced the nation by about 1 percentage point.

The value of California exports, adjusted for inflation, is about the same as two years ago, before the deepest point of the recession.

(© 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.