PART A: SEASONALLY ADJUSTED EXHIBIT 2. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES THREE-MONTH MOVING AVERAGES JANUARY 1994 TO MARCH 1996 (In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. (R) Revised.) Center Month of Balance Moving Average Total Goods (1) Services 1994 January --- --- --- February -7,672 -12,163 4,491 March -8,317 -12,854 4,538 April -8,176 -13,003 4,827 May -8,974 -13,831 4,856 June -9,619 -14,639 5,020 July -9,692 -14,691 4,999 August -9,604 -14,876 5,273 September -9,289 -14,575 5,286 October -9,414 -14,928 5,514 November -9,157 -14,497 5,340 December -9,293 -14,770 5,478 1995 January -9,205 -14,413 5,208 February -9,633 -14,818 5,185 March -9,943 -14,997 5,054 April -10,387 -15,565 5,178 May -11,113 -16,217 5,104 June -11,046 -16,182 5,136 July -10,196 -15,358 5,161 August -9,102 -14,442 5,341 September -8,164 -13,614 5,450 October -7,691 -13,171 5,480 November -7,320 -12,708 5,387 December -7,891 -13,169 5,278 1996 January (R) -7,957 -13,338 5,380 February -8,612 -14,165 5,553 March --- --- --- April May June July August September October November December ___________________________________________________________________ Center Month of Exports Moving Average Total Goods (1) Services 1994 January --- --- --- February 55,410 39,481 15,928 March 56,066 39,956 16,110 April 57,323 40,955 16,368 May 57,274 40,909 16,365 June 57,507 40,934 16,572 July 58,659 42,015 16,644 August 59,424 42,461 16,963 September 60,402 43,423 16,979 October 60,874 43,676 17,199 November 61,625 44,643 16,983 December 62,339 45,158 17,182 1995 January 62,439 45,536 16,903 February 63,131 46,107 17,024 March 63,845 46,853 16,992 April 65,006 47,743 17,263 May 64,786 47,555 17,231 June 64,595 47,292 17,302 July 64,945 47,551 17,394 August 65,936 48,350 17,586 September 66,924 49,220 17,703 October 67,206 49,387 17,819 November 67,385 49,614 17,771 December 67,432 49,644 17,788 1996 January (R) 68,087 50,121 17,966 February 68,317 49,953 18,364 March --- --- --- April May June July August September October November December ___________________________________________________________________ Center Month of Imports Moving Average Total Goods (1) Services 1994 January --- --- --- February 63,081 51,644 11,437 March 64,383 52,810 11,573 April 65,499 53,958 11,541 May 66,249 54,740 11,509 June 67,126 55,574 11,552 July 68,350 56,705 11,645 August 69,028 57,338 11,690 September 69,691 57,998 11,692 October 70,289 58,604 11,685 November 70,782 59,140 11,643 December 71,632 59,928 11,704 1995 January 71,644 59,949 11,695 February 72,764 60,925 11,839 March 73,788 61,850 11,937 April 75,393 63,309 12,085 May 75,898 63,772 12,126 June 75,640 63,474 12,167 July 75,141 62,909 12,232 August 75,037 62,792 12,245 September 75,088 62,834 12,254 October 74,897 62,558 12,339 November 74,705 62,321 12,383 December 75,323 62,813 12,510 1996 January (R) 76,045 63,459 12,586 February 76,929 64,118 12,811 March --- --- --- April May June July August September October November December Note: The three-month moving averages shown in this exhibit are computed by summing the subject month, the two prior months, dividing by three and showing the average at the center month of the period. Using this method, an average is not available for the current month. A centered moving average is useful in smoothing the volatile trade data so that trends can better be discerned. SOURCE: Report FT900 (CB-96-77), Bureau of the Census, Foreign Trade Division, MARCH 1996. For more information, contact Haydn R. Mearkle (301-457-2246) or Richard M. Preuss (301-457-2311), Foreign Trade Division.