Trade Deficit Widens in November

Washington, DC, Jan. 13, 2012 — The trade deficit increased in November to its largest in five months, according to the Commerce Department.

The trade gap totaled $47.8 billion, exceeding analysts’ forecast of a $45.0 billion deficit.

The government revised its initial estimate for October’s trade deficit slightly lower to $43.3 billion.

Imports rose 1.3% to $225.6 billion as Americans bought more industrial supplies from abroad and spent more on foreign oil.