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...

 

Report an Issue

Forum

SABOTAGE

Started by Modern Feudal Serf in Population Control and Eugenics. Last reply by Tara on Sunday. 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