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ECON: Trade Gap Wider Than Expected in November
Posted to: Micro News
Friday, January 11, 2013 8:43 AM
- Trade Gap $48.73 Bln vs $41.3 bln forecast
The U.S. Census Bureau and the U.S. Bureau of
Economic Analysis, through the Department of Commerce,
announced today that total November exports of $182.6
billion and imports of $231.3 billion resulted in a goods and
services deficit of $48.7 billion, up from $42.1 billion in
October, revised. November exports were $1.7 billion more
than October exports of $180.8 billion. November imports
were $8.4 billion more than October imports of $222.9 billion.
In November, the goods deficit increased $6.6 billion
from October to $65.7 billion, and the services surplus was
virtually unchanged from October at $17.0 billion. Exports of
goods increased $1.6 billion to $129.3 billion, and imports of
goods increased $8.2 billion to $195.0 billion. Exports of
services increased [forwardfullbody].1 billion to $53.2 billion, and imports of
services increased [forwardfullbody].2 billion to $36.3 billion.
The goods and services deficit decreased [forwardfullbody].1 billion
from November 2011 to November 2012. Exports were up
$5.8 billion, or 3.3 percent, and imports were up $5.7 billion,
or 2.5 percent.
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