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MNI Brief: US November Trade Gap Wider Than Expected

MNI (Washington)
WASHINGTON (MNI)

The U.S. goods and services deficit grew 8.0% in November to -USD68.1 billion, The Census Bureau and the Bureau of Economic Analysis reported Thursday, above expectations for an increase to -USD67.3 billion.

  • That was mainly driven by a USD5.0 billion increase in the goods deficit to USD86.4 billion and a decline in the services surplus to USD18.2 billion.
  • November exports increased by USD2.2 billion over October to USD184.2 billion, while imports grew to USD252.3 billion, up USD7.2 billion from October.
  • The deficit with China widened to -USD30.7 billion in November, the trade gap with the European Union widened to -USD17.4 billion, and the deficit with Canada widened to -USD1.5 billion.
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
North AmericaUSDataPolicy NewsBriefStoryRegion
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
North AmericaUSDataPolicy NewsBriefStoryRegion

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