Trade Deficit Increases –

According to the Commerce Department, the U.S. trade deficit increased by 10.4% to 47.8 billion in November.  The increase was larger than economists had expected and was the widest trade deficit since June.  Petroleum products accounted for a significant amount of the increase in imports.

To read a related Bloomberg article, please click here:

http://www.bloomberg.com/news/2012-01-13/u-s-trade-deficit-widened-more-than-forecast-to-47-8-billion.html

Jim Sutliff

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