U.S. Trade Deficit Widens To $47.8 Billion In November

" /> 01/13/2012 08:34
Reversing a drop in October, the U.S. trade deficit increased notably in November, according to figures released Friday by the Commerce Department.
U.S. exports fell by 0.9 percent to a level of $177.8 billion while imports were up 1.3 percent to a level of $225.6 billion, according to the report.
That put the trade deficit at $47.8 billion, a 10.4 percent increase from October's revised level of $43.3 billion - little changed from the $43.5 billion initially reported.
Most economists had predicted that October's narrowing of the deficit would be reversed but had generally forecast that the deficit would come in lower, at roughly $45 billion.
Reversing a drop in October, the U.S. trade deficit increased notably in November, according to figures released Friday by the Commerce Department.U.S. exports fell by 0.9 percent to a level of $177.8 billion while imports were up 1.3 percent to a level of $225.6 billion, according to the report. (Market News Provided by RTTNews)