US Trade Deficit grows 8% in November, highest in 15 years

The U.S. monthly international trade deficit increased in November 2020, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau.

The deficit increased from $63.1 billion in October (revised) to $68.1 billion in November as imports increased more than exports.

November’s deficit numbers are the highest since August 2006, according to Reuters.

The previously published October deficit was $63.1 billion. The goods deficit increased $5.0 billion in November to $86.4 billion. The services surplus decreased less than $0.1 billion in November to $18.2 billion.

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