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Census Reports Drop in Imports & Exports, Widening of Deficit in July
September 11, 2012 by Brian Feito|Commerce Dept.

Imports and exports both declined in July, but the drop in exports was steeper leading to a widening of the U.S. goods and services deficit by $100 million to $42 billion, said the Census Bureau and Bureau of Economic Analysis in their U.S. International Trade in Goods and Services Report for July 2012. The report showed that, as compared to revised June 2012 levels, exports were down $1.9 billion to $183.3 billion, and imports were down $1.8 billion to $225.3 billion. As compared to July 2011 totals, exports increased by 2.8% and imports by 0.6%. The U.S. trade deficit with China increased to $29.4 billion in July, up from $27.4 billion in June. Statement by Acting Commerce Secretary Blank available here. International Trade Administration fact sheet available here.

Manufacturing Committee to Meet Sept. 21
September 10, 2012 by Brian Feito|Commerce Dept.

The Manufacturing Council will hold an open meeting Sept. 28 at 9:30-11:30 a.m. to hear and deliberate on proposed recommendations to be presented by the Workforce Development subcommittee. The council members will also summarize all recommendations adopted throughout their 2010-2012 appointment term in a final presentation to the Secretary of Commerce. Those wishing to attend should register by Sept. 21, 2012.