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US trade deficit widens as imports increase | US trade deficit widens as imports increase |
(35 minutes later) | |
The US trade deficit widened unexpectedly in November, after a rise in the import of consumer goods. | |
Figures from the Commerce Department showed that the gap widened by 16% to $48.7bn (£30.1bn). The markets were expecting the deficit to shrink. | |
The deficit was the widest recorded since April last year. | |
Imports increased by 3.8%, the largest rise in eight months, to $231.3bn. The value of exports increased by 1% to $182.6bn. | |
Imports of consumer goods rose by $4.6bn. Analysts say this is a sign that the US retail sector is growing stronger, with rising consumer spending. |
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