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Calif. Exports Bouncing Back Faster Than Economy

SACRAMENTO (AP) ― California exports are rebounding more quickly than the state's overall economy, posting the 11th straight month of improvement in September.

A report Wednesday by San Rafael-based Beacon Economics says the state's exports of manufactured goods increased 19 percent over the same month last year.

California sent $12 billion worth of goods overseas, a $2 billion increase over September 2009. Shipments of agricultural and other non-manufactured products increased nearly 11 percent.

Jock O'Connell, Beacon's international trade adviser, says California exports outpaced the nation by about 1 percentage point.

The value of California exports, adjusted for inflation, is about the same as two years ago, before the deepest point of the recession.

(© 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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