Trade Deficit Up in October After Fall in Exports, Census Says
Exports and imports both fell in October, but the drop in exports was steeper, causing a rise in the U.S. goods and services trade deficit to $42.2 billion, said the Census Bureau and Bureau of Economic Analysis in their U.S.…
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International Trade in Goods and Services Report for September 2012. The report showed that, as compared to revised September 2012 levels, exports were down $6.8 billion to $180.5 billion, and imports fell $4.9 billion to $222.8 billion. The largest component in the decline in both exports and imports was industrial supplies and materials. As compared to October 2011 totals, exports increased by 1 percent and imports by 0.8 percent. The U.S. trade deficit with China widened to $29.5 billion in October, from a revised $29.1 billion in September.