The gap was wider than forecast
In somewhat disappointing economic news, the U.S. recorded a $48.7 billion goods and services deficit in November, up from $42.1 billion in October, revised.
In November, total exports were $182.6 billion and imports were $231.3 billion. November exports were $1.7 billion more than October exports of $180.8 billion.
November imports were $8.4 billion more than October imports of $222.9 billion.
The goods deficit increased $6.6 billion from October to $65.7 billion, and the services surplus was virtually unchanged from October at $17.0 billion.
The U.S. import bill was driven by retailers’ efforts to stock up for the Christmas selling season.