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Trade gap falls in November

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Trade gap falls in November

Both imports and exports fall.

The US Department of Commerce reported today that the nation’s international goods and services deficit was $42.4 billion in November, down $2.2 billion, or 5.0%, from a revised $44.6 billion in October.

Both imports and exports fell during the month, likely reflecting a slow-down in overall demand and a reduction of inventories domestically.

Economists had expected a $44.0 billion deficit during the month.

November exports were $182.2 billion, $1.6 billion less than October exports. November imports were $224.6 billion, $3.8 billion less than October imports.

For the full report, click here.

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