Reply #20: November Trade Gap at deficit of $64.2 billion [View All]

[UpInArms]

http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38729.3544655093-857056037&siteID=mktw&scid=0&doctype=806&property=symb&value=&categories=&

WASHINGTON (MarketWatch) -- The U.S. trade deficit narrowed by 5.8% in November to $64.2 billion from a record $68.1 billion in October, the Commerce Department said. The consensus forecast of Wall Street economists was for a deficit of $66.2 billion in November. Exports widened 1.8% to a record $109.3 billion. Imports slipped 1.1% to $173.5 billion. The U.S. trade deficit with China widened to $18.5 billion in November compared with $16.7 bln in the same month last year. Despite the improvement, the U.S. is on track to set a new record trade deficit in 2005. Already for the first eleven months of the year, the trade gap is $661.8 billion. This is above the record $617.6 billion annual deficit set in 2004.