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Posted by: Greg T. Spielberg on August 13
July saw a 7% increase in the number of global manufacturers shipping to American ports according to U.S. Customs Data compiled by Panjiva, a tracker and profiler of foreign businesses. 140,000 businesses sent their goods to the states – 10,000 more than in June. The number, which may help draw a picture of America’s activity in global trade, does not account for plane or truck shipments, or the delivery of e-commerce goods like software.
International shipments to ports have been on the rise since bottoming out in February at 120,000, the lowest since Panjiva started tracking in July 2007. The New York-based company sources U.S. Customs Data for daily information on imports. Despite the increase in shipments, there’s no cause for trade-deficit concerns as Mike Mandel points out. Panjiva profiles 700,000 companies across 190 countries in the attempt to provide American companies doing business abroad with background info about their partners.
BusinessWeek’s Joe Weber, Patricia O'Connell, Michelle Conlin, Frederik Balfour, Peter Coy, Greg Spielberg and Roger Crockett examine The Case for Optimism by looking past the financial turmoil and economic unrest gripping the globe to focus on the promising future that lies on the other side of this storm. We’ll chronicle the forward thinkers investing in R&D, launching promising new products, entering new markets, or implementing management and leadership.
See why BusinessWeek Editor-In-Chief Stephen J. Adler is optimistic about the economy amid the sharpest downturn since the Great Depression.