The federal government shutdown did more than delay the scheduled release of California import/export figures for August.
Beacon Economics, which compiles the monthly state trade report from U.S. Commerce Department statistics, said the federal impasse is impacting the actual movement of goods.
Many exports and imports including steel, lumber and computer equipment cannot move over the border without specific permits from the federal government, permits that arent being given because of the shutdown, said Christopher Thornberg, Beacons founding partner . If they reopen the government soon, it shouldnt have a serious effect, but if this continues for much longer, real business will be lost, not delayed, and we could be facing broad negative consequences for the economy.
Jock OConnell, Beacons international trade adviser, indicated that the states August trade statistics eventually will become available, but he declined to speculate on when: We're not dealing with a situation in Washington that lends itself to rational expectations.
Call The Bees Mark Glover, (916) 321-1184.