1/8/2015
WASHINGTON – The U.S. trade deficit decreased 7.7 percent in November to $39 billion, the lowest level in 11 months, after a $42.2 billion imbalance in October, the Commerce Department reported Wednesday.
The main factor pushing down the U.S. trade deficit has been the fall in world oil prices and a reduction of U.S. oil imports, which hit the lowest level in 20 years in November.
Analysts had estimated a $41.5 billion deficit for November.
After rising in October, U.S. exports fell 1 percent in November to $196.4 billion.
U.S. exporters sold fewer aircraft, heavy machinery and computers to Japan, China and the European Union in November.
U.S. imports fell 2.2 percent in November to $235.4 billion, the report said.
source
WASHINGTON – The U.S. trade deficit decreased 7.7 percent in November to $39 billion, the lowest level in 11 months, after a $42.2 billion imbalance in October, the Commerce Department reported Wednesday.
The main factor pushing down the U.S. trade deficit has been the fall in world oil prices and a reduction of U.S. oil imports, which hit the lowest level in 20 years in November.
Analysts had estimated a $41.5 billion deficit for November.
After rising in October, U.S. exports fell 1 percent in November to $196.4 billion.
U.S. exporters sold fewer aircraft, heavy machinery and computers to Japan, China and the European Union in November.
U.S. imports fell 2.2 percent in November to $235.4 billion, the report said.
source
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