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Last month (June 2010) saw a $7.9 billion increase in the deficit despite a 3.3% drop in petroleum imports. This month, the trade deficit improved despite petroleum imports holding steady at $26.8 billion. A drop of $0.7 billion in crude oil was offset by increases in fuel oil and other petroleum products.And, they go on further to say:
The increase in exports was driven by civilian aircraft, up $1.4 billion to $3.6 billion in July.If you are a small business owner (with less 500 employees) exporting civilian aircraft as noted above, please let us know so you can claim your prize.
We wish to honor you here with a special feature story and will definitely let the Obama administration know that their National Export Initiative, which encourages small businesses to export, is working!
Posted by: Laurel Delaney, The Global Small Business Blog
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