Arab Today, arab today us trade deficit shrinks sharply in november
Last Updated : GMT 01:21:23
Arab Today, arab today
Arab Today, arab today

US trade deficit shrinks sharply in November

Arab Today, arab today

Arab Today, arab today US trade deficit shrinks sharply in November

US trade deficit narrowed to $39.0
Washington - AFP

The US trade deficit shrank sharply in November to the smallest gap in nearly a year as imports fell more than exports, government data released Wednesday showed.
The trade gap narrowed to $39.0 billion from a revised $42.2 billion in October, a 7.7 percent decline month-over-month, the Commerce Department said.
Lower prices for crude oil and petroleum imports factored into the stronger-than-expected narrowing of the gap, which analysts had expected to come in at $41.8 billion.
The department's prior October estimate was $43.4 billion.
In November, exports of goods and services fell to $196.4 billion, a decrease of $2.0 billion, or 1.0 percent, from October.
Imports dropped by a heftier $5.2 billion (2.2 percent), to $235.4 billion.
Imports of petroleum products plunged 11.8 percent to $23.1 billion amid a sharp fall in global crude oil prices.
The United States paid on average $82.95 a barrel for crude in November, which currently is trading below $50 a barrel.
At the same time, US exports of oil products, backed by a boom in natural gas from shale production, leaped by 5.4 percent, driving the US oil trade deficit down 25 percent to $11.4 billion, its lowest level in almost 11 years.
The year-end holiday shopping season that began in November brought a record $48.5 billion in goods imports.
The politically sensitive goods trade gap with China narrowed by 8.0 percent to $29.9 billion as imports from the world's second-largest economy fell.
With the European Union, the goods shortfall fell 7.1 percent to $11.8 billion.
In the first 11 months of the year, the overall US trade deficit rose $22.3 billion, or 5.1 percent, from the same period in 2013.
"A strong dollar should continue to boost imports of cheaper foreign goods; though we will have to wait and see if the deflationary effects of dollar appreciation will cause domestic companies to cut prices," said Jay Morelock of FTN Financial.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us trade deficit shrinks sharply in november Arab Today, arab today us trade deficit shrinks sharply in november

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:58 2017 Saturday ,25 February

US new home sales rise in January

GMT 05:46 2017 Saturday ,25 February

Record unemployment in Brazil

GMT 05:33 2017 Saturday ,25 February

Indian wind power tariffs fall

GMT 05:27 2017 Saturday ,25 February

German construction sector grows
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday