Sunday, December 09, 2007
 
Weaker Dollar Hurts Manufacturers
Foreign manufacturers, that is:
    Missouri exports hit $12.8 billion last year, up 22 percent from 2005, and experts predict this year's export sales will be even higher. Illinois exports totaled $42.1 billion in 2006, up 17 percent from the year before. Canada, Mexico, Japan, the United Kingdom and China are the top export countries for both states.
Oddly enough, the story's headline, Local companies moving deeper into exporting, doesn't mention the effect the lower exchange rates have. The story itself does mention it, though:
    LaBounty and others attributed the recent growth in local exporting in part to the weak dollar, which has fallen more than 10 percent against a basket of currencies in November compared to the same time in 2006. What that means: The cost of U.S. goods is cheaper for companies and consumers abroad.
Still, one can see that this is a "good" economy story instead of a "bad" one, which no doubt would have mentioned the lower dollar in the headline.

Comments:
I don't think I've ever seen "moving deeper" into something used as a positive. If you skimmed the headline, there's a good chance you might get the (intended) impression that the economy was going all to hell.

Let's try some headlines on for fun:

* Iraq sliding deeper into calm, former generals say
* Ice cream parlor erupts in North County, sending neighborhood deeper into dessert
* Economy moves deeper in expansion, women and minorties hardest hit
 



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