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News In Brief


A page 1 illustration in last Friday's issue should have more accurately conveyed the following information: Change in US merchandise trade 1981-83

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US merchandise trade deficit (1981)

-$28.1 billion

US merchandise trade deficit (1983)

-$63.5 billion

Increase in merchandise trade deficit

$35.4 billion

This change in the merchandise trade deficit, when spread among the various areas of the world, was accounted for as follows (an improvement occurred only in trade with the OPEC countries): Canada -$7.57 billion Western Europe -$12.14 billion Japan -$4.08 billion Latin America -$21.39 billion OPEC +$21.44 billion Other developed countries -$1.80 billion Developing countries (non-Latin America) -$8.42 billion