California exports held serve and a little bit more in October.
In-state businesses shipped goods valued at $13.87 billion in October, up about 0.4 percent from $13.81 billion in October 2011, according to an analysis of today's U.S. Commerce Department trade figures by Beacon Economics, a consulting firm with offices in the Bay Area and Los Angeles.
October's total was a nearly 8 percent improvement over September's $12.87 billion.
The small year-over-year improvement broke a three-month string of declines, although Beacon said the October-to-October total represented a 2.4 percent decline when adjusted for inflation.
July marked the end of a 32-month streak of gains.
On the import side, California took in $35.54 billion in October, up from about $32 billion in October last year. Some goods entering California go to other states, so exports are considered a more accurate measure of the state's trade health.
Nationally, the U.S. trade deficit swelled 4.8 percent to $42.3 billion from September to October.
Exports dipped 3.6 percent to $180.5 billion. Officials said sales of commercial aircraft, autos and farm products were down. Imports fell 2.1 percent to $222.8 billion.
Distributed by MCT Information Services
Most Popular Stories
- Bipartisan Budget Deal Gets Key Support in House
- Bitcoin Clones Lurch Onto Financial Scene
- Clinton to Keynote Annual Simmons Leadership Conference
- Scotch Whisky Sales Raise Distillers' Spirits
- Holiday Shopping Off to a Slow Start This Season
- Budget Deal Will Cut 220,000 Californians Out of Jobless Benefits
- Fake Deaf Interpreter Was Hallucinating, Has Schizophrenia
- Tea Party Glum in Face of Bipartisan Budget Deal
- Health Coverage Disparities Emerge Among States
- Futures Fall, Holiday Spending and Unemployment Up