Trade Deficit Widens By 5.5% As Exports Decline, Imports Rise

Mish Shedlock
By Mish Shedlock of Mish Talk
Investment Advisor Representative - Sitka Pacific Capital Management •

Today’s census bureau report on international trade shows the trade deficit widened by 5.5%. The deficit was $65.3 billion in November, up $3.4 billion from $61.9 billion in October.

Today’s census bureau report on international trade shows the trade deficit widened by 5.5%. The deficit was $65.3 billion in November, up $3.4 billion from $61.9 billion in October.

Exports of goods for November were $121.7 billion, $1.2 billion less than October exports.

Imports of goods for November were $187.0 billion, $2.2 billion more than October imports.

Balance of Trade

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trade-2016-12-29b.png (1178×878)

Balance of Trade by Category 

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trade-2016-12-29a.png (1052×553)

This report will take a couple of ticks off 4th quarter GDP estimates.

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