PART A: SEASONALLY ADJUSTED EXHIBIT 2. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES THREE-MONTH MOVING AVERAGES -- JANUARY 1995 TO APRIL 1997 (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 1995 January February -9,435 -14,800 5,366 March -9,345 -14,756 5,411 April -9,627 -15,318 5,691 May -10,266 -15,853 5,587 June -10,126 -15,816 5,690 July -9,338 -15,101 5,763 August -7,961 -14,273 6,313 September -7,126 -13,544 6,418 October -6,705 -13,272 6,567 November -6,292 -12,927 6,635 December -7,161 -13,642 6,481 1996 January -7,623 -13,716 6,092 February -8,180 -14,308 6,128 March -8,235 -14,438 6,202 April -9,007 -15,686 6,679 May -9,260 -15,854 6,594 June -9,909 -16,474 6,565 July -9,921 -16,452 6,531 August -10,839 -17,498 6,658 September -9,610 -16,685 7,075 October -8,829 -16,157 7,328 November -8,734 -16,064 7,330 December -9,914 -17,007 7,093 1997 January -10,653 -17,535 6,882 February -9,705 -16,596 6,891 March -8,667 -15,583 6,917 April May June July August September October November December _________________________________________ Center Month of Exports Moving Average Total Goods (1) Services 1995 January February 63,456 46,130 17,327 March 64,405 46,946 17,460 April 65,573 47,748 17,825 May 65,495 47,727 17,768 June 65,533 47,578 17,955 July 65,951 47,815 18,136 August 67,202 48,453 18,749 September 68,032 49,192 18,841 October 68,435 49,440 18,995 November 68,718 49,647 19,071 December 68,570 49,521 19,049 1996 January 68,682 49,863 18,820 February 69,035 50,016 19,019 March 69,819 50,648 19,171 April 70,639 50,931 19,708 May 70,716 51,137 19,579 June 70,222 50,568 19,654 July 70,180 50,559 19,621 August 70,028 50,255 19,774 September 71,558 51,393 20,164 October 72,497 52,045 20,452 November 73,167 52,615 20,552 December 72,790 52,343 20,447 1997 January 72,924 52,502 20,422 February 74,840 54,176 20,664 March 76,973 56,155 20,818 April May June July August September October November December _________________________________________ Center Month of Imports Moving Average Total Goods (1) Services 1995 January February 72,891 60,930 11,961 March 73,750 61,701 12,049 April 75,200 63,066 12,134 May 75,761 63,580 12,181 June 75,660 63,394 12,265 July 75,289 62,916 12,373 August 75,163 62,727 12,436 September 75,159 62,736 12,423 October 75,140 62,712 12,428 November 75,010 62,574 12,436 December 75,731 63,163 12,568 1996 January 76,306 63,578 12,727 February 77,215 64,324 12,891 March 78,054 65,085 12,969 April 79,646 66,617 13,029 May 79,976 66,991 12,985 June 80,132 67,042 13,089 July 80,101 67,011 13,090 August 80,868 67,752 13,115 September 81,168 68,079 13,089 October 81,327 68,203 13,124 November 81,901 68,679 13,222 December 82,704 69,349 13,354 1997 January 83,577 70,037 13,540 February 84,544 70,771 13,773 March 85,639 71,738 13,901 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-97-98), Bureau of the Census, Foreign Trade Division, APRIL 1997. For more information, contact Haydn R. Mearkle (301-457-2246) or Richard M. Preuss (301-457-2311), Foreign Trade Division.