U.S. goods trade deficit widens in November

• December 28, 2017
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance

The U.S. goods trade deficit widened by 2.3% in November to $69.7 billion, the Commerce Department said Thursday.

Commerce produces an “advance trade” deficit report that offers an early look on trade patterns during the month. The number reported Thursday was bigger than the $68.7 billion deficit consensus forecast.

Exports rose a seasonally adjusted 3% during the month, while imports were up 2.7%. The U.S. exported more capital goods and automotive vehicles, but imported more consumer goods.

Advance wholesale inventories rose 0.7%, while an advance look at retail inventories ticked up just 0.1%.