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ECON: Trade Gap Wider Than Expected in November
Posted to: Micro News
Friday, January 11, 2013 8:43 AM

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- 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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