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U.S. goods trade deficit hits a record in November
Source: Reuters, via Yahoo! Finance
Reuters
U.S. goods trade deficit hits a record in November
Wed, December 29, 2021, 8:58 AM
(Reuters) - The U.S. trade deficit in goods mushroomed to a record in November as imports surged and exports slipped.
The goods trade deficit widened last month by 17.5% to $97.8 billion from $83.2 billion in October, the Commerce Department said on Wednesday. That exceeds the previous record deficit set in September of $97 billion.
Goods exports declined 2.1%, while imports rose by 4.7%.
The report also showed wholesale inventories climbed 1.2% last month.
{snip}
(Reporting by Dan Burns; Editing by Chizu Nomiyama)
Read more: https://finance.yahoo.com/news/u-goods-trade-deficit-hits-135842273.html