Export orders are up for US manufactured goods.
U.S. factory activity expanded at a more moderate pace in April due in part to a slowdown in new orders, but a rise in export orders to a near 1-1/2-year high and signs an inventory overhang drag was fading offered hope for the manufacturing sector.
The report states also that “Manufacturing has been hurt by weak export growth stemming from a strong dollar and soft global demand.”
So good times are hopefully going to continue for exporters. Global Wizard helps exports with compliance, consistency, and continuity regarding export documentation. Learn more!