Trade Deficit (Feb. 11)

The Trade Deficit increased by $2.3 billion to $40.6 billion in December, against the expected increase to $40.4 billion, from a revised figure of $38.3 billion for November. December exports increased by $2.8 billion to $160.1 billion, offset by imports, which increased by $5.1 billion to $198.5 billion. The Commerce Department provided the December figures of the trade balance of the U.S. relative to selected trading partners, in billions of dollars, with surpluses in Hong Kong ($2.2), Australia ($1.2), Singapore ($1.3) and Egypt ($0.7). Deficits were recorded, in billions of dollars, with China ($20.7), OPEC ($8.3), the European Union ($6.6), Mexico ($4.7), Japan ($5.9), Canada ($3.9), Nigeria ($2.5), Venezuela ($2.0), Ireland ($2.6), Germany ($3.3), Taiwan ($0.6) and Korea ($0.7).

About Zacks Investment Research 1766 Articles

Zacks Investment Research is one of the most highly regarded firms in the investment industry. In 1978 Zacks originated the concept of utilizing earnings estimates revisions to make profitable investment decisions. Zacks offers multiple investment products and services to help investors achieve superior returns.


Be the first to comment

Leave a Reply

Your email address will not be published.