Trade deficit increases by $4.1 billion in December
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Manufacturing News, Source : TheManufacturer.com
Published : 13 Feb 2004 17:37
The US Census Bureau and the US Bureau of Economic Analysis, through the Department of Commerce, announced today that total December exports and imports resulted in a goods and services deficit of $42.5 billion, $4.1 billion more than the $38.4 billion in November.
December exports were $90.4 billion, $0.2 billion less than November exports of $90.6 billion. December imports were $132.8 billion, $3.9 billion more than November imports of $128.9 billion.
The November to December change in exports of goods reflected decreases in capital goods ($1.2 billion); foods, feeds, and beverages ($0.3 billion); and consumer goods ($0.2 billion). Increases occurred in industrial supplies and materials ($0.6 billion) and automotive vehicles, parts, and engines ($0.3 billion).
The November to December change in imports of goods reflected increases in industrial supplies and materials ($1.3 billion); capital goods ($1.2 billion); automotive vehicles, parts, and engines ($0.5 billion); consumer goods ($0.4 billion); and foods, feeds, and beverages ($0.1 billion).
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