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Friday, January 6, 2017

International Trade Balance Widened in November

The U.S. international trade deficit expanded in November to $45.2 billion, up from $42.6 billion in October, according to the U.S. Census Bureau of Economic Analysis. The expansion reflected a $0.4 billion decrease in exports along with a $2.4 billion increase in imports.
The goods deficit increased $3.4 billion to $66.6 billion, while the services surplus rose $0.5 billion to $21.4 billion.

Exports of goods fell $0.7 billion to $122.4 billion in November, driven by decreases in capital goods. Exports of capital goods fell by $1.8 billion, largely due to a $1.3 billion decrease in civilian aircraft exports. Exports of services increased $0.3 billion to $63.5 billion.

Imports of goods increased $2.7 billion to $189.0 billion, mostly due to an increase in industrial supplies and materials, which rose by $2.2 billion. Imports of services decreased $0.3 billion to $42.1 billion in November.

Read the Census/BEA release.
Visit Banks and the Economy.

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