PART A: SEASONALLY ADJUSTED EXHIBIT 2. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES THREE-MONTH MOVING AVERAGES JANUARY 1994 TO MAY 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 -7,569 -12,280 4,712 March -7,971 -12,836 4,865 April -7,821 -12,892 5,071 May -8,628 -13,695 5,067 June -9,183 -14,461 5,278 July -9,226 -14,603 5,376 August -9,482 -14,805 5,323 September -9,408 -14,628 5,220 October -9,664 -14,991 5,327 November -9,115 -14,594 5,480 December -9,384 -14,916 5,532 1995 January -9,276 -14,553 5,277 February -9,838 -14,974 5,136 March -9,858 -14,987 5,129 April -10,174 -15,534 5,360 May -10,607 -15,974 5,367 June -10,390 -15,920 5,530 July -9,354 -15,055 5,701 August -8,111 -14,182 6,071 September -7,056 -13,256 6,199 October -6,631 -12,892 6,261 November -6,466 -12,678 6,212 December -7,394 -13,476 6,082 1996 January -7,579 -13,630 6,050 February -8,117 -14,246 6,129 March (R) -8,091 -14,273 6,182 April -9,498 -15,631 6,133 May --- --- --- June July August September October November December __________________________________________________________ Center Month of Exports Moving Average Total Goods (1) Services 1994 January --- --- --- February 55,193 39,487 15,706 March 55,926 39,946 15,980 April 57,185 40,977 16,208 May 57,174 40,970 16,204 June 57,590 41,119 16,471 July 58,663 42,042 16,621 August 59,025 42,412 16,613 September 59,795 43,288 16,507 October 60,270 43,658 16,612 November 61,376 44,618 16,757 December 62,085 45,152 16,933 1995 January 62,313 45,532 16,781 February 62,993 46,181 16,812 March 63,818 46,928 16,889 April 64,965 47,755 17,210 May 64,905 47,660 17,245 June 64,904 47,461 17,443 July 65,361 47,689 17,672 August 66,405 48,329 18,075 September 67,471 49,312 18,159 October 67,859 49,659 18,200 November 67,873 49,809 18,065 December 67,526 49,514 18,012 1996 January 67,915 49,883 18,032 February 68,311 50,006 18,305 March (R) 69,143 50,704 18,439 April 69,343 50,841 18,502 May --- --- --- June July August September October November December __________________________________________________________ Center Month of Imports Moving Average Total Goods (1) Services 1994 January --- --- --- February 62,761 51,767 10,994 March 63,897 52,783 11,115 April 65,006 53,870 11,137 May 65,802 54,664 11,138 June 66,773 55,580 11,194 July 67,889 56,645 11,244 August 68,507 57,217 11,290 September 69,203 57,916 11,287 October 69,934 58,649 11,285 November 70,490 59,213 11,278 December 71,469 60,069 11,400 1995 January 71,590 60,085 11,504 February 72,831 61,156 11,676 March 73,675 61,915 11,760 April 75,139 63,289 11,850 May 75,513 63,635 11,878 June 75,293 63,380 11,913 July 74,715 62,743 11,972 August 74,516 62,511 12,005 September 74,527 62,567 11,960 October 74,490 62,551 11,939 November 74,339 62,486 11,853 December 74,920 62,991 11,930 1996 January 75,494 63,513 11,982 February 76,428 64,252 12,176 March (R) 77,234 64,977 12,257 April 78,841 66,472 12,369 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-96-119), Bureau of the Census, Foreign Trade Division, MAY 1996. For more information, contact Haydn R. Mearkle (301-457-2246) or Richard M. Preuss (301-457-2311), Foreign Trade Division.