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US Trade Deficit Widens to $97.8 Billion, as Imports Top All-Time High
Abstract：The United States trade gap reached $97.8 billion in November, up from a revised $83.2 billion in October, according to the Commerce Department.
The United States trade gap reached $97.8 billion in November, up from a revised $83.2 billion in October, according to the Commerce Department.
In a Bloomberg survey of economists, the $97.8 billion trade gap exceeded all of the experts' estimates.
The United States imported $252.4 billion worth of goods, led by industrial supplies, in November. Consumer good imports totalaed $67 billion, another record. Exports totaled $154.7 billion in the month.
The Commerce Department's report also indicated that wholesale and retail inventories in the U.S. rose by 1.2% and 2%, respectively.
The Department of Commerce is scheduled to release a full report on November trade on January 6.
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