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ECON: Trade Gap Widens Roughly As Expected
Posted to: Micro News
Tuesday, December 11, 2012 8:38 AM
- Oct Trade Deficit $42.24 Bln vs $42.6 Bln Consensus
- Exports Down 3.6 pct, Most Since Jan 2009
- Imports/Exports At Lowest Level Since April/Feb 2011 Respectively
- Close enough to consensus that this one is having relatively no impact
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce,
announced today that total October exports of $180.5 billion and imports of $222.8 billion resulted
in a goods and services deficit of $42.2 billion, up from $40.3 billion in September, revised.
October exports were $6.8 billion less than September exports of $187.3 billion. October imports
were $4.9 billion less than September imports of $227.6 billion.
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