Exports Keep Economy Out of Recession
“U.S. exports have kept the economy out of recession during the most recent two quarters,” says NAM Chief Economist David Huether. “Capital goods exports-including automotive vehicles and parts-account for more than a third (34%) of total U.S. exports and nearly half (49%) of manufactured exports. These manufactured exports are the real bright spot in the U.S. economy and are supported by a robust financing sector. U.S. export growth will be a real shot in the arm for manufacturers in 2008.