U.S. Trade Deficit Drops by Hefty 28.7%

Deficit is at $40. 4 billion

Standing at $40.4 billion for November, the trade deficit fell by 28.7%, the Commerce Department reported on Jan. 13.

Analysts had expected a much smaller drop in the deficit in the international trade in goods and services to $51 billion after a revised $56.7 billion chalked up in October.

The November deficit resulted from exports of $142.8 billion and imports of $183.2 billion, the department said.

Copyright Agence France-Presse, 2009

TAGS: The Economy
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish