EXPORT UPDATE:

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Exports and Imports Show Continued Growth. (March-22-2010)

Heartland exports burst ahead during the Jan-Feb, 2010 winter months, accelerating growth they suggested at the end of 2009.

Jan 2010 exports jumped to 55.8 from December’s 51.9, and held tight to that fast growth with a Feb reading of 55.4.

The Jan-Feb 2010 new export readings eclipsed the 2009 Jan-Feb numbers that had practically bottomed out.

	2010			2009
	JAN	FEB		JAN	FEB
Exports	55.8	55.4		26.8	29.9
Imports	50.0	58.8		39.1	38.7

Imports broke even in Jan at 50.0, and then really took off in Feb jumping to 58.8.

Prof Ernie Goss, Creighton University, who tracks the Heartland International Trade Index for IBNews, points out that, “The improving global economy generated strong export orders and rising imports. Exports should remain strong as long as the dollar remains weak, and the global economy doesn’t take a wrong turn due to EU problems.”

The Heartland International Trade Index measures monthly changes in new export orders and imports for the states of Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, Oklahoma, North & South Dakota.