PART A: SEASONALLY ADJUSTED EXHIBIT 2. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES THREE-MONTH MOVING AVERAGES -- JANUARY 1997 TO AUGUST 1999 (In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. (R) Revised.) Balance Center Month of Moving Average Total Goods (1) Services 1997 January --- --- --- February -8,871 -16,403 7,532 March -8,289 -15,917 7,627 April -8,197 -16,042 7,845 May -8,063 -15,960 7,896 June -7,949 -15,773 7,823 July -8,009 -15,811 7,802 August -8,574 -16,305 7,731 September -8,889 -16,716 7,827 October -9,072 -16,710 7,638 November -9,400 -16,883 7,483 December -9,834 -17,101 7,267 1998 January -10,257 -17,338 7,081 February -11,113 -18,292 7,179 March -12,235 -19,532 7,297 April -13,633 -21,108 7,475 May -13,987 -21,167 7,180 June -14,478 -21,235 6,758 July -14,797 -21,253 6,456 August -15,241 -21,656 6,415 September -15,131 -21,631 6,500 October -14,732 -21,380 6,648 November -14,421 -21,196 6,775 December -15,017 -21,982 6,965 1999 January -16,301 -23,194 6,893 February -17,991 -24,734 6,743 March -18,871 -25,396 6,524 April -19,830 -26,305 6,475 May -21,594 -28,137 6,544 June (R) -23,627 -30,167 6,540 July -24,528 -31,062 6,533 August September October November December ____________________________________ Exports Center Month of Moving Average Total Goods (1) Services 1997 January --- --- --- February 75,253 54,326 20,927 March 76,667 55,586 21,081 April 77,523 56,126 21,398 May 78,227 56,631 21,596 June 78,948 57,233 21,715 July 79,559 57,722 21,837 August 79,762 57,816 21,946 September 79,802 57,704 22,098 October 79,612 57,645 21,967 November 79,606 57,798 21,808 December 79,328 57,699 21,629 1998 January 78,994 57,430 21,564 February 78,610 56,888 21,722 March 78,158 56,082 22,076 April 77,867 55,529 22,338 May 77,296 55,066 22,230 June 76,558 54,677 21,880 July 76,258 54,601 21,657 August 76,428 54,753 21,675 September 77,693 55,763 21,930 October 78,659 56,530 22,129 November 78,968 56,708 22,260 December 78,373 56,064 22,309 1999 January 77,673 55,324 22,349 February 77,301 54,764 22,537 March 77,395 54,766 22,629 April 77,712 54,905 22,807 May 78,238 55,287 22,951 June (R) 78,574 55,494 23,080 July 79,924 56,715 23,209 August September October November December ____________________________________ Imports Center Month of Moving Average Total Goods (1) Services 1997 January --- --- --- February 84,124 70,729 13,395 March 84,956 71,502 13,454 April 85,721 72,168 13,553 May 86,291 72,591 13,700 June 86,897 73,006 13,892 July 87,568 73,533 14,035 August 88,336 74,121 14,215 September 88,691 74,420 14,271 October 88,684 74,355 14,329 November 89,007 74,681 14,325 December 89,162 74,800 14,361 1998 January 89,251 74,768 14,483 February 89,723 75,180 14,543 March 90,393 75,614 14,779 April 91,500 76,638 14,863 May 91,283 76,233 15,051 June 91,035 75,913 15,123 July 91,055 75,854 15,201 August 91,669 76,409 15,260 September 92,823 77,394 15,430 October 93,391 77,910 15,481 November 93,389 77,904 15,485 December 93,390 78,047 15,343 1999 January 93,974 78,517 15,456 February 95,293 79,498 15,794 March 96,266 80,162 16,104 April 97,542 81,210 16,332 May 99,831 83,424 16,407 June (R) 102,201 85,661 16,540 July 104,452 87,776 16,676 August September October November December (1) Data presented on a Balance of Payments (BOP) Basis. 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-99-202), Bureau of the Census, Foreign Trade Division, August 1999. For more information, contact Haydn R. Mearkle (301-457-2246) or Nick Orsini (301-457-2311), Foreign Trade Division.