Trade Deficit Hits Record in October; November Output Up
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The trade deficit in October grew larger than analysts had expected despite the recent decline of the dollar against major currencies.
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The U.S. trade deficit grew in July to a record $68 billion, as oil import prices and demand for foreign goods and services rose to new highs.
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The U.S. trade deficit soared to a record of &#36;617.7 billion last year as Americans' appetite for all things foreign, from crude oil to cars, hit all-time highs. The United States even rang up a deficit in farm goods as imports of wine, cheese and other food products hit a record.
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The US trade deficit has expanded to its highest level in 14 months, official data shows.
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A record jump in the price of imported oil pushed the trade deficit to &#36;63.8 billion in May, offsetting robust overseas sales gains by American companies.
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The deficit jumped by 9.3 percent, to $63.1 billion, the government said, reflecting record oil imports. The deficit with China declined while the weak dollar lifted exports to a record high.
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WASHINGTON -- The US trade deficit shrank to $51.6 billion in September, an improvement brought about as exports posted their best month on record.
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Germany's trade surplus hit a surprise record in October, underpinning optimism about the pace of recovery.
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The U.S. trade deficit climbed to a record high for the fifth straight year, with  2006 imports exceeding exports by $764 billion, the Commerce Department reported yesterday. The gap reflects higher oil prices, which increased the nation's import bill, and American consumers' rising appetite for foreign-made goods....
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WASHINGTON  - The US trade gap unexpectedly shot to a record 55.5 billion dollars in October as Americans sucked in more imports, particularly from China, and oil prices sizzled.
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The U.S. trade deficit in November surged to the highest level in 14 months, reflecting record imports of foreign oil. The deficit with China declined slightly while the weak dollar boosted exports to another record high.
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The US trade deficit widened to a new high of $55.5 billion in October, boosted by high oil prices and record imports from China as retailers geared up for Christmas.
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The U.S. trade deficit widened more than expected in December and grew 6.5 percent during all of 2006 to a record $763.6 billion, a U.S. Commerce Department report showed on Tuesday.
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America&#39;s trade deficit grew to an all-time high of $55.5 billion in October as imports - including those from China - increased to the loftiest levels on record.
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The U.S. trade deficit widened nearly 9 percent in October to a record &#36;55.5 billion as sky-high oil prices helped propel imports into new territory, the government said on Tuesday.
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The U.S. trade deficit narrowed more than expected in September as a rise in exports to unprecedented levels offset the impact of record-high prices for imported oil, a government report showed on Wednesday.
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The $60.3 billion deficit for November reflected record levels for imports of everything from oil and consumer goods to farm products, the government reported.