Free Trial

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
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.