International Trade Deficit Increases 15.7%

The U.S. international trade deficit worsened by 15.7% to $48.7 billion for November, according to a Department of Commerce report [link opens in PDF] released today.

Market analysts had expected a slight improvement in the deficit to $41.1 billion after October's widening trade gap.

While the services surplus remained steady at $17 billion, the goods deficit increased 11% to $65.7 billion.

Source: Department of Commerce. 

Compared to November 2011, the overall deficit decreased by just $100 million. Imports have risen 2.5%, while exports have improved by 3.3%. In the last year, exports of capital goods, automotive vehicles and parts, and foods and beverages have increased the most. In the same period of time, industrial supplies and materials exports experienced the largest decrease. Since November 2011, Americans have increased imports most in the automotive and consumer goods sectors, while industrial supplies and materials imports fell.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2191723, ~/Articles/ArticleHandler.aspx, 9/30/2014 6:29:51 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement