The U.S. trade deficit widened for the first time
in five months in November, as rising oil prices lifted imports and exports to
the euro area slumped.
The U.S. deficit
in international trade of goods and services jumped 10.4%, the biggest gain
since May, to $47.75 billion, the Commerce Department said Friday. The October
trade gap was revised down modestly to $43.27 billion from an initial estimate
of $43.47 billion.
The trade gap was much higher than forecast. Read
more here.
