PART A: SEASONALLY ADJUSTED EXHIBIT 2. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES THREE-MONTH MOVING AVERAGES -- JANUARY 1995 TO FEBRUARY 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 -9,838 -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 -7,397 -13,516 6,119 1996 January -7,668 -13,711 6,043 February -8,202 -14,369 6,167 March -8,190 -14,398 6,209 April -9,487 -15,734 6,246 May -9,653 -15,791 6,138 June -10,423 -16,426 6,003 July -10,364 -16,302 5,939 August -11,403 -17,266 5,864 September -10,103 -16,132 6,029 October -9,217 -15,418 6,202 November -8,841 -15,162 6,321 December -10,264 -16,630 6,366 1997 January (R) -11,081 -17,461 6,381 February March April May June July August September October November December _______________________________________________________ Center Month of Exports Moving Average Total Goods (1) Services 1995 January 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 67,558 49,520 18,038 1996 January 67,965 49,891 18,074 February 68,377 50,018 18,359 March 69,229 50,713 18,516 April 69,528 50,881 18,647 May 69,659 51,041 18,618 June 69,031 50,388 18,643 July 68,895 50,293 18,602 August 68,594 50,072 18,523 September 70,093 51,439 18,654 October 71,046 52,170 18,876 November 71,844 52,706 19,138 December 71,473 52,194 19,279 1997 January (R) 71,773 52,447 19,326 February March April May June July August September October November December _______________________________________________________ Center Month of Imports Moving Average Total Goods (1) Services 1995 January 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 74,955 63,036 11,919 1996 January 75,633 63,602 12,031 February 76,579 64,387 12,192 March 77,419 65,112 12,307 April 79,015 66,614 12,401 May 79,312 66,831 12,481 June 79,453 66,814 12,640 July 79,259 66,595 12,664 August 79,997 67,338 12,659 September 80,196 67,571 12,626 October 80,263 67,588 12,675 November 80,686 67,868 12,817 December 81,737 68,824 12,913 1997 January (R) 82,854 69,908 12,946 February 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-97-66), Bureau of the Census, Foreign Trade Division, FEBRUARY 1997R. For more information, contact Haydn R. Mearkle (301-457-2246) or Richard M. Preuss (301-457-2311), Foreign Trade Division.