According to the November data on the balance of trade in goods, wholesale and retail stocks announced by the US Department of Commerce, the goods trade deficit, called the “leading foreign trade deficit”, increased by 4.7% in November compared to the previous month and reached USD 102.9 billion.
The market expectation for the goods trade deficit was USD 101.3 billion.
The goods trade deficit was USD 98.3 billion in October.
In the said period, exports of goods increased by USD 7.4 billion to USD 176.4 billion and imports of goods increased by USD 12 billion to USD 279.2 billion.
The amount of wholesale inventories decreased by 0.2% month-on-month to USD 901.6 billion in November, while the amount of retail inventories increased by 0.3% to USD 827.5 billion.
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