Jul 10, 2009 3:54 pm US/Pacific
Calif Exports In May Drop For 7th Month In A Row
SACRAMENTO (AP) ―
California exports fell 25.2 percent in May, the seventh straight month of decline compared to the same period a year earlier.
The University of California Center Sacramento says the state sent $9.5 billion worth of products abroad in May. That's down from $12.7 billion a year ago and is the lowest for May since 2004.
Exports of manufactured goods dropped 28 percent. Agricultural and other non-manufactured goods dropped 23.3 percent.
Jock O'Connell, the UC Center's adviser on international trade and economics, said the figures "offer no encouragement that economic recovery will be a near-term thing."
The figures were based on data released Friday by the U.S. Commerce Department.
(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
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