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Trade Gap Unexpectedly Widened in November
In November the trade deficit unexpectedly widened to its largest level since April due to a surge in imports. The November trade gap widened to $48.7 billion from 42.1 billion. The trade gap has remained under $43 billion for the past five months prior to November’s jump.
A small rise in exports was not enough to offset the surge of imports seen in November that pushed the deficit wider. Exports rose 1.0% in November to $183 billion. Imports, however surged 3.8% rising to $231 billion.
The real goods deficit, which is important for the calculation of GDP, rose 12.8% to $51.9 billion.
Read the Census report.
Trade Gap Unexpectedly Widened in November
A small rise in exports was not enough to offset the surge of imports seen in November that pushed the deficit wider. Exports rose 1.0% in November to $183 billion. Imports, however surged 3.8% rising to $231 billion.
The real goods deficit, which is important for the calculation of GDP, rose 12.8% to $51.9 billion.
Read the Census report.