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Article: Wisconsin Companies Take Export Hit.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- October 8, 1998
- Author:
CopyrightCOPYRIGHT 1998 Knight-Ridder/Tribune Business News. 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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Knight Ridder/Tribune Business News
Oct. 8--Wisconsin companies are taking a hit from the global economic crisis.
After 10 years of steady increases, state exports for the first half of 1998 were $5.2 billion, down 4.9 percent from the same period last year, according to figures released Wednesday by the state Department of Commerce.
The agency's goal of $12 billion in exports this year -- compared with $11.1 billion in 1997 -- is "probably not likely," said acting secretary Phil Albert.
But even though Wisconsin exports to hard-pressed Asia have fallen 20.6 percent, the agency has no plans to curtail state programs that help ...