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US trade deficit widens following imports increase

The US trade deficit widened unexpectedly in November, after a rise in the import of consumer goods

The US trade deficit widened unexpectedly in November, after a rise in the import of consumer goods.

Figures from the Commerce Department showed that the gap widened by 16% to $48.7 billion. The markets were expecting the deficit to shrink.

The deficit was the widest recorded since April last year.

Imports increased by 3.8%, the largest rise in eight months, to $231.3 billion. The value of exports increased by 1% to $182.6 billion.

Imports of consumer goods rose by $4.6 billion. Analysts say this is a sign that the US retail sector is growing stronger, with rising consumer spending.

The US trade deficit widened unexpectedly in November, after a rise in the import of consumer goods

Diane A. Wade

Diane is a perfectionist. She enjoys searching the internet for the hottest events from around the world and writing an article about it. The details matter to her, so she makes sure the information is easy to read and understand. She likes traveling and history, especially ancient history. Being a very sociable person she has a blast having barbeque with family and friends.