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 This material may not be published, broadcast, rewritten, or redistributed.)