Meltdown 101: Some Signs Of Strength In US Exports

CHRISTOPHER LEONARD

The trade deficit might have widened in September, but try telling that to U.S. jewelry makers, loggers and machine manufacturers who have customers in other countries.

U.S exports rose in September, making steady gains across economic sectors. That strength was hidden by a surge in oil imports, which helped widen the trade deficit for the month. Still, exports jumped 2.9 percent to $132 billion in September as factories sold more goods overseas.

That figure remains well below the all-time high of $164.4 billion set in July 2008. But there was unmistakable improvement during the month. And it might not just be a flash in the pan. If the value of the dollar continues to sink, it could make U.S. goods even more affordable overseas and increase demand.

Some sectors of the economy fared better than others — with exports of jewelry, machinery and precious metals standing out — but the improvement was evident across the board. Consumer goods, capital goods like factory equipment and automobiles all rose.

One exception was farm products, with exports of corn, soybeans and other foods falling steeply during the month.