November Trade Deficit -$43.1b, Narrower....>

US DATA: November Trade Deficit -$43.1b, Narrower Than Exp  

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- Nov trade deficit narrowed to -$43.1b vs -$43.7b BBG 

- Oct trade gap revised to -$46.9b (prev -$45.0b) 

- NSA trade gap with China narrowed to -$26.4b vs -$31.3b Oct 

- Ex-petro goods gap narrowed to -$63.8b vs -$67.5b Oct 

- Nov imports of services ($50.7b) highest on record 

- NSA trade gap with EU narrowed to -$13.1b, year-to-date $162.6b 

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The November goods and services trade deficit narrowed to -$43.1b from 

-$46.9b in October. November exports rose by $1.4b while imports fell 

$2.5b. However, A $0.4b m/m increase in November services imports 

was the highest increase on record and was primarily driven by travel 

and transport services, which both rose by $0.1b. The year-to-date 

deficit decreased by $3.9b. The November trade balance reflected 

a decrease in the services surplus to $20.8b and a decrease in the goods 

deficit to -$63.9b.