US trade deficit up 3.4 percent to $43.9 billion as goods exports fall to 4-year low

 TRADE.jpg

The U.S. trade deficit widened in October as exports of U.S. goods fell to the lowest level in more than four years, a reflection of the impact of a weak global economy and stronger dollar.

[ Fox News | December 04, 2015 | Fox News]

The Commerce Department says the trade deficit widened 3.4 percent in October to $43.9 billion, compared to a revised $42.5 billion deficit in September.

Exports of goods and services fell 1.4 percent to $184.1 billion while exports of just goods dropped an even bigger 2.4 percent to $123.8 billion, the lowest level since June 2011.

Imports of goods and services were also down in October, dropping 0.6 percent to $228 billion. The drop in imports reflected in part falling oil prices, which pushed petroleum imports down to the lowest level in nearly 15 years.


Be the first to comment

Please check your e-mail for a link to activate your account.