U.S. Trade Gap Widened to Second-Biggest on Record in November

Gantry cranes stand above the APM shipping terminal in the Port of Los Angeles in this aerial photograph taken above Los Angeles, California, U.S
Gantry cranes stand above the APM shipping terminal in the Port of Los Angeles in this aerial photograph taken above Los Angeles, California, U.S

(Bloomberg) -- The U.S. trade deficit widened to the second-largest on record in November as demand for imports climbed ahead of the holidays.

The gap in trade of goods and services expanded to $68.1 billion in November from $63.1 billion in October, according to Commerce Department data released Thursday. That compares with a median estimate for a gap of $67.3 billion in a Bloomberg survey of economists.

Total imports increased 2.9% to $252.3 billion, while exports advanced for a sixth month, climbing 1.2% to $184.2 billion.

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