Economics
U.S. Posts Record Goods-Trade Gap Ahead of Holiday Season
- Consumer goods imports increased to a record in November
- Overall inbound shipments reach highest since May 2019
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The U.S. merchandise-trade deficit widened to an all-time high in November as American companies imported a record value of consumer goods.
The shortfall grew to $84.8 billion last month from $80.4 billion in October, according to Commerce Department data released Wednesday. The median estimate by economists in a Bloomberg survey was for a $81.5 billion deficit.