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Forex News

12/28/2017 13:57:02

US foreign trade deficit widens in November

(ShareCast News) - America's shortfall on its foreign trade in goods widened last month, as import growth continued to outpace that in the country's exports.


The goods deficit increased by 2.3% month-on-month to reach $69.7bn (consensus: -$68.0bn), according to a preliminary estimate from the Department of Commerce.

Import rose sharply, increasing by 2.7% to reach $203.4bn while exports were 2.9% higher to $133.7bn.

Separately, Commerce reported a 0.7% month-on-month (consensus: 0.2%) jump in wholesale inventories to $610.2bn.

At month-end, stockpiles were 3.8% higher than a year ago.

Meanwhile, retail inventories grew by 0.1% on the month to reach $619.1bn.



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