Weak Dollar Benefiting Michigan Exports
Submitted by CARPE DIEM
MICHIGAN–Manufacturers in Michigan and the rest of the country are benefiting from a weak dollar that is making their goods sold abroad cheaper, while imported goods are becoming more costly. In fact, a boom in Michigan exports is one of few bright spots in a mostly gloomy state economy. Exports from Michigan have risen 31% in the past five years, from $33.8 billion in 2002 to $44.4 billion last year, according to the U.S. Commerce Department (see chart above).
For an excellent database of state export data, click here.
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