Air cargo traffic, one measure of economic activity, totaled 23.6 million pounds in June, down from 25 million pounds in June 2001. The year-to-date decrease has been 23% to 136 million pounds from 176 million pounds. International air cargo took a severe drop from June 2001 with 276,804 pounds this year in comparison to 2.4 million pounds.
Economist Ray Perryman, in a recent speech to the Real Estate Council of Austin, said that two-thirds of Austin's exports go to Asian countries and that 90% of those exports are computers and electronics equipment. He said the city's export levels, reflected in air cargo figures, won't recover until those countries perk up and pick up their imports of Austin's high-tech equipment.
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