Oct. U.S. trade deficit up 4.9% to $42.2 billion


11 December 2012
, by Jeffry Bartash - Washington (marketwatch)


The U.S. trade deficit climbed 4.9% to $42.2 billion in October from a downwardly revised $40.3 billion in September, the Commerce Department said Tuesday.

Imports decreased by 2.1% to $222.8 billion, but exports fell by a larger 3.6% to $180.5 billion.

Economists surveyed by MarketWatch forecast the trade deficit to increase to a seasonally adjusted $42.5 billion in October.

The export value of U.S. goods - items such as autos, chemicals or electronics - dropped to the lowest level since November 2011,

reflecting tough economic conditions in many overseas nations that are key markets for American manufacturers.

And imports of foreign goods into the U.S. tumbled to the lowest level since April 2011.

On an unadjusted basis, U.S. trade deficits increased with Japan, the European Union and the oil-producing OPEC nations.

Surpluses with Brazil, South America and Central America hit record highs.

Read the full story: U.S. trade deficit rises 4.9% to $42.2 billion http://www.marketwatch.com/story/us-trade-deficit-rises-49-to-422-billion-2012-12-11

Comment

You need to be a member of 12160 to add comments!

Join 12160

Please remember this website is supported by your donations...

12160 NEWS new management/admin info

Putin to Western elites: Play-time is over / The builders of the New World Order have failed

Outrage - Israeli Cartoonist Compares Netanyahu to 9/11 Hijackers - Plane Piloted By NUTTY in to Tower

Why We’re Poorer: Inflation And Deflation Are Now Globalized

Saudi Arabia's "Oil-Weapon" Hits Europe - Iran

China's shadow banking sector growing rapidly, third largest in world: FSB

VIDEO: Inside The Shanghai International Gold Exchange Vaults

German Bank Hits Savers with Negative Interest Rate

Elderly couple fined $80K, raided by Marathon County SWAT because of pallets in their yard

LEAKED VIDEO: Cop Pulls Out His Penis and Begins Masturbating on High School Campus

Maryland Teen Tased By Police 5 Times While In Hospital Dies of ‘Natural Causes’

GOV CLEARS GOV OF WRONG DOING - Ferguson shooting probe of possible grand jury leak wasn't exactly in-depth

Massive Non-Citizen Voting Uncovered in Maryland

50,000 Missing Georgia Voter-Registration Applications? Nothing to See Here

90 Pounds of Cocaine Found on Cargo Ship Owned by Senate Majority Leader Mitch McConnell’s Father-in-Law

Milton Hall being shot at 46 times by police in the US

Report an Issue

Forum

Ten Most Wanted

Started by mystery in Current News/Events. Last reply by Ra 12 hours ago. 4 Replies

© 2014   Created by truth.

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2014 - all rights reserved. unless otherwise noted
var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-48719234-1']); _gaq.push(['_trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })();