U.S. Trade Deficit Widens Roughly In Line With Estimates In November
(RTTNews) - With imports surging by more than exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened roughly in line with economist estimates in the month of November.
The Commerce Department the trade deficit increased to $78.2 billion in November from a revised $73.6 billion in October.
Economists had expected the trade deficit to climb to $78.0 billion from the $73.8 billion originally reported for the previous month.
The wider trade deficit came as the value of imports shot up by 3.4 percent to $351.6 billion, while the value of exports jumped by 2.7 percent to $273.4 billion.
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U.S. Job Openings Unexpectedly Increase In November
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U.S. Services Index Rises More Than Expected In December
The Institute for Supply Management released a report on Tuesday showing its reading on U.S. service sector activity increased by more than expected in the month of December. The ISM said its services PMI climbed to 54.1 in December from 52.1 in November, with a reading above 50 indicating growth. Economists had expected the index to rise to 53.3.
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U.S. Trade Deficit Widens In November As Imports Rebound More Than Exports
With imports rebounding by more than exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened roughly in line with economist estimates in the month of November. The Commerce Department the trade deficit increased to $78.2 billion in November from a revised $73.6 billion in October. Economists had expected the trade deficit to climb to $78.0 billion.
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U.S. Factory Orders Pull Back Slightly More Than Expected In November
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U.S. Manufacturing Index Indicates Modestly Slower Contraction In December
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U.S. Construction Spending Unexpectedly Flat In November
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U.S. Weekly Jobless Claims Unexpectedly Dip To Eight-Month Low
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U.S. Weekly Jobless Unexpectedly Claims Dip To 211,000
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