That “Made in America” sticker is looking more attractive.
Second-quarter (2Q) Gross Domestic Product (GDP) was revised up from 1.9 percent growth to a higher than anticipated 3.3 percent, according to reports on August 28.
Rising exports played a significant role in the expansion. According to the Commerce Department, real exports increased 13.2 percent in the 2Q of 2008, compared with an increase of 5.1 percent in the first. Real imports of goods and services decreased 0.8 percent in the first quarter and 7.6 percent in the second.
The good news on exports has been falling by the wayside in the media. The Business & Media Institute's video blog, The Biz Flog, pointed out the positive news about exports back on August 6.
Thanks to a weak dollar, it is now cheaper to export goods from the U.S. to other countries. But the story hasn't caught on in the mainstream media just yet.