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»Issue 12, Volume 07 www.scarbrough-intl.com » December 2007 |
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SCARBROUGH NEWS Good News for Exports Would you believe that the manufacturing sector has had some level of expansion for ten straight months? It has, and the recent expansion is courteous of the export sector. Analysts are concerned about the ability of manufacturing to expand much in early 2008. However, what may boost the manufacturing sector could be influenced by the value of the US dollar. The deprecation of the dollar has helped boost U.S. exports to an all-time high. The positive impact has not yet reached its full potential as the benefits are not only confined to the manufacturing sector. Other industries are also experiencing similar growth. In the U.S. agriculture markets, apple growers in Washington have noticed products are now more price-competitive abroad. The dollar decline should allow U.S. exporters to establish themselves in foreign markets. Once the value of the dollar begins to increase, the exporters may have the ability to remain connected with their market share intact. It seems the weaker U.S. dollar may be a small price to pay for the rise in export production, employment and orders. -- Michelle Roth, Accounting |
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