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World seventh largest economy stalled

World seventh largest economy stalled
June 09, 2012, 04:46:22 PM
California's long run of year-over-year increases in export trade finally stalled in April, bringing to a close a streak that had run every month since November 2009. That was the finding of the latest Beacon Economics report, which relies on foreign trade data compiled by the U.S. Commerce Department.

California's $13.03 billion in merchandise exports during April technically represented a 1.1% increase over the same month a year earlier. But when the totals are adjusted for inflation, the change was actually a decline of slightly more than 1%, the Beacon Economics report said.