Trade Deficit Widens

The United States experienced a significant increase in its goods trade deficit, reaching $102.9 billion in November, marking a 14.9% rise from the previous month, as per the preliminary report by the Census Bureau.

Exports and Imports Overview

Exports fell to $174.2 billion, a decrease of $3.6 billion from August. Conversely, imports rose to $282.4 billion, up by $10.4 billion compared to October, highlighting the growing imbalance in trade.

Wholesale Inventories Adjustment

Wholesale inventories, after adjustments for seasonal variations and trading-day differences, stood at $905.0 billion. This represents a slight decrease of 0.2% from October but shows a 0.5% increase from November 2023.