California Technology, Trade and Commerce Agency Announces Exports Show Positive Rebound; Figures for the First Half of 2002 Exceed First Quarter.Business/News Editors SACRAMENTO Sacramento, city, United States Sacramento (săkrəmĕn`tō), city (1990 pop. 369,365), state capital and seat of Sacramento co., central Calif. , Calif.--(BUSINESS WIRE)--Aug. 20, 2002 The California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Technology, Trade and Commerce Agency (TTCA TTCA Trinidad & Tobago Contractors Association TTCA Traditional Tae Kwon Do Chung Do Association (Louisville, Kentucky) TTCA Tax Technical Corrections Act of 1998 TTCA TRADOC Training Center Assessment ) announced today that figures from the Massachusetts Massachusetts (măsəch  `sĭts), most populous of the New England states of the NE United States. Institute of Social and Economic Research (MISER) show the state's export market is rebounding and regaining re·gain tr.v. re·gained, re·gain·ing, re·gains 1. To recover possession of; get back again: regain one's strength. See Synonyms at recover. 2. momentum it lost due to the worldwide economic slump Slump A temporary fall in performance, often describing consistently falling security prices for several weeks or months. . MISER data released today show that for the first half of 2002, California exports totaled $46.1 billion. The export total for the second quarter surpassed first quarter exports by more than $1 billion, indicating the industry sector is on its way back to positive growth. First quarter and second quarter exports for 2002 are $22.5 and $23.6 billion, respectively. "This positive momentum is a clear signal that the export of California goods to our foreign trading partners is recovering," said TTCA Secretary Lon S. Hatamiya. "The economic recovery is taking hold, and our exporting businesses are beginning to see even more of the positive impact." Hatamiya said that the continuing increase in January to June figures shows that consumers are beginning to regain confidence after the tragic events of 9/11, and that the recent positive news on California's economy is helping to boost the export picture. Overall, California exports for the first half of this year are down 19.57 percent compared to this time last year, when export sales reached $57.3 billion. This mirrors what happened in the rest of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , where exports for the first half of 2002 are also down, by 10.86 percent. U.S. exports totaled $344.6 billion, down from $386.6 billion in the second quarter of 2001. California exports account for 13.3 percent of total U.S. overseas sales. The California Technology, Trade and Commerce Agency serves as the state's principal catalyst for innovation, investment and economic opportunity, enhancing the quality of life for all Californians. Visit http://commerce.ca.gov for more information. |
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