USA, trade deficit rises beyond expectations with soaring imports

USA trade deficit rises beyond expectations with soaring imports

(Finance) – In the United States, the deficit on the trade balance of goods increased more than expected, reaching 102.86 billion dollars in November compared to 98.26 billion in October. Analysts’ estimates were for an increase to 101.3 billion.

This was communicated by the Bureau of Economic Analysis (BEA) of the US Department of Commerce, which today published the preliminary data relating only to the goods lot. The figure is affected by the surge in imports to 279.2 billion dollars.

Preliminary data on wholesale and retail stocks were also published. Retail inventories, excluding autos, rose 0.6% after +0.3% in October, while wholesale inventories fell 0.2%, after +0.2% in October, and versus the estimated 0.1%.

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