• Posted on Friday, August 12, 2011
  • Bookmark and Share
  • email
  • |
  • print
  • |
  • rss

tool name

close
tool goes here

California exports grow for 20th consecutive month

email this story print this story jump to comments

Here's one sector of the lukewarm California economy that's cooking: export trade.

California exports jumped 13 percent in June from a year ago, Los Angeles consultants Beacon Economics said Thursday.

It marked the 20th straight month that exports have risen. Adjusted for inflation, exports are back at pre-recession levels, said Jock O'Connell, a Sacramento economist who advises Beacon on international trade. Computers and medical equipment have been the big gainers.

Exports from California totaled $13.83 billion last month, Beacon said, basing its data on new U.S. Department of Commerce statistics.

That kind of volume isn't enough to pull the economy out of the doldrums, "but it's about the only driver we've got right now," O'Connell said.

On the negative side, imports to California fell in June. Shipments to seaports were down 5.5 percent from a year ago, while air cargo arrivals fell 11.7 percent.

It was the first time in recent memory that imports had fallen from year-ago levels, he said, and is "symptomatic of the state of the economy."

The decline is worrisome in part because imports generate plenty of blue-collar jobs, in the Central Valley and elsewhere, he said.

To read the complete article, visit www.sacbee.com.

  • Bookmark and Share
  • email
  • |
  • print
  • |
  • rss

tool name

close
tool goes here
JOIN THE DISCUSSION

We welcome comments. To post one, you must sign in using either your McClatchyDC login or your login for Facebook, Twitter or Disqus. Just click the appropriate box below.

Please keep your comment civil, short and to the point. Obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. If you find a comment abusive or inappropriate, please flag it for the moderator by placing your cursor on the comment, then clicking the "flag" link that appears. Thanks for your participation.

Stay Connected

Sign up for email newsletters RSS
Follow us on your iPhone Follow us on your Android device
Follow us on Facebook Follow us on Twitter Follow us using Google Currents