In December last year, trade deficit in the U.S. unexpectedly rose to the maximum. The deficit increased by 17.1 percent and amounted to 46.6 billion dollars. According to the adjusted data trade deficit in November was 39.8 billion dollars. Previously reported about 39 billion dollars.
Bloomberg surveyed economists who forecasted the November deficit would amount to 38 billion dollars. Increase in the deficit is due to lower foreign deliveries from U.S.
Ward McCarthy’s Mind
Ward McCarthy, the leading financial economist at Jefferies LLC, said that consumers are coming to life. This means that we will import more. America remains to be a leader among the world's economies. Now you can see quite rapid economic growth, a significant increase in employment compared with Western countries. Moreover, it is unlikely the situation will change in the near future.
In December, imports of goods and services from U.S. increased by 2.2 percent and reached a record 241.4 billion dollars. Exports fell by 0.8 percent, amounting to 194.9 billion dollars.
The trade deficit increased to 54.7 billion dollars, not taking into account the December price fluctuations. It was 48.7 billion dollars a month earlier. U.S. trade deficit at the end of last year added 6 percent to $ 505 billion.
