Showing posts with label unexpectedly. Show all posts
Showing posts with label unexpectedly. Show all posts
Saturday, June 1, 2013
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.
ReadThe RestEntry..
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.
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