The U.S. trade deficit surpassed analyst expectations in November, rising 3.2 percent month-over-month to $50.5 billion, according to the U.S. Commerce Department.
The U.S. trade deficit reached $50.5 billion in November, a 3.2 percent uptick from October as an increase in import value outpaced the rise in the value of exports, according to data released Friday by the U.S. Commerce Department.
The nation’s trade deficit in November surpassed analyst expectations, with economists surveyed by the Wall Street Journal expecting November’s trade deficit to total $49.8 billion, while economists surveyed by Reuters were expecting the trade deficit to total $49.5 billion.
U.S. exports in November stood at $200.2 billion, up 2.3 percent from October, while U.S. imports totaled $250.7 billion in November, up 2.5 percent from October.
Overall, the U.S. trade deficit for the first 11 months of 2017 stood at $513.6 billion, an increase of 11.6 percent from the corresponding 2016 period.
U.S. trade deficit reaches $50.5b in November
