The U.S. trade deficit widened in October largely because of a slowdown in exports and an increase in imports of oil and other foreign goods, which could drag down the country’s growth at the end of 2017. The foreign-trade gap in goods and services expanded 8.6% from the prior month to a seasonally adjusted $48.73 billion in October, the Commerce Department said Tuesday. Economists surveyed by The Wall Street Journal had expected a narrower deficit of $47.5 billion.

Source: Wall Street Journal December 05, 2017 13:36 UTC