The November 2011 US trade deficit increased $4.5 billion, or 10%, to $47.8 billion. Strongly influencing this figure were large shifts in the trade balances of China and Canada. Imports from China are down $1 billion while exports to China increased $200 million to $9.9 billion. Imports from Canada decreased $506 million to $26.3 billion and exports decreased $1.3 billion, or 5.1%, to $23.3 billion. An increased trade deficit negatively impacts GDP, so 4th quarter 2011 GDP figures, due at the end of this month, will likely be impacted by this large increase.
-From the St. Louis Federal Reserve
Tags: GDP, November 2011, Trade Balance
January 27, 2012 at 9:32 pm |
[...] an increased trade deficit. In other words, private spending is up, government spending is down, and imports are up. Real GDP increased $90.8 billion to $13,422.4 billion and nominal GDP increased $118.2 billion to [...]