Today’s census bureau report on international trade shows the trade deficit widened by 5.5%. The deficit was $65.3 billion in November, up $3.4 billion from $61.9 billion in October.

Exports of goods for November were $121.7 billion, $1.2 billion less than October exports.

Imports of goods for November were $187.0 billion, $2.2 billion more than October imports.

Balance of Trade

trade-2016-12-29b

Balance of Trade by Category

trade-2016-12-29a

This report will take a couple of ticks off 4th quarter GDP estimates.

Mike “Mish” Shedlock