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Macro Pulse highlights recent activity and events expected to affect the U.S. economy over the next 24 months. While the review is of the entire U.S. economy its particular focus is on developments affecting the Forest Products industry. Everyone with a stake in any level of the sector can benefit from
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Thursday, November 24, 2011

September 2011 International Trade

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According to data compiled by the Netherlands Bureau for Economic Policy Analysis, world trade volume declined by 1.0 percent in September from the previous month, following a revised increase of 1.4 percent in August. Imports declined in advanced and emerging economies. Exports of the advanced countries rose a little, thanks to the performance of the United States and Japan. Exports of the emerging markets fell, particularly in Asia and Central- and Eastern Europe. Prices fell 1.9 percent in September, to 25.8 percent above their February 2009 low.
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The U.S. goods and services deficit was $43.1 billion in September, down from a revised $44.9 billion in August. Exports amounted to $180.4 billion and imports $223.5 billion. According to Barron’s, about half of the unexpected improvement in the deficit came from gold exports.
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Paper exports increased by 9,000 tons (0.3 percent) in September, and imports shrank by 20,000 tons (4.7 percent). Exports remained 342,000 tons (12.1 percent) above year-earlier levels, but imports were 21,000 tons (4.9 percent) higher.
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Softwood lumber exports fell by 21 MMBF (13.5 percent) in September while imports advanced by 42 MMBF (5.5 percent). Exports were 8 MMBF (6.2 percent) higher than year-earlier levels, and imports were 78 MMBF (10.4 percent) higher.

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