US trade deficit for November falls as imports decline - News Summed Up

US trade deficit for November falls as imports decline


Economists polled by Reuters had forecast the trade deficit would fall to $54.0 billion in November. The politically sensitive goods trade deficit with China fell to $37.9 in November from $43.1 billion in October. When adjusted for inflation, the goods trade deficit decreased $7.5 billion to $80.8 billion in November. The drop in the so-called real trade deficit led some economists to believe that trade probably made a small contribution to gross domestic product in the fourth quarter. Consumer goods imports decreased $4.3 billion, weighed down by a $2.3 billion drop in imports of cellphones and other household goods.


Source: Dhaka Tribune February 06, 2019 16:18 UTC



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