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Article: the nation.(Front)
- Article from:
- The Virginian-Pilot (Norfolk, VA)
- Article date:
- August 13, 2009
CopyrightCOPYRIGHT 2009 The Virginian Pilot-Ledger Star. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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june imports and exports rise
The U.S. trade deficit edged up in June as imports rose for the first time in 11 months and exports rose for the second straight month, confirming that the global recession is easing its grip.
The first back-to-back gains for exports in a year were especially good news for America's manufacturing sector.
The Commerce Department said the deficit rose 4 percent to $27 billion .
The gains in exports, and an even larger increase in imports, contributed to signs that the recession is ending. But analysts said a recovery likely will widen the trade gap.
In part, that's because a rebounding U.S. economy ...