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US trade deficit widens following imports increase

The US trade deficit widened unexpectedly in November, after a rise in the import of consumer goods.

Figures from the Commerce Department showed that the gap widened by 16% to $48.7 billion. The markets were expecting the deficit to shrink.

The deficit was the widest recorded since April last year.

Imports increased by 3.8%, the largest rise in eight months, to $231.3 billion. The value of exports increased by 1% to $182.6 billion.

Imports of consumer goods rose by $4.6 billion. Analysts say this is a sign that the US retail sector is growing stronger, with rising consumer spending.

The US trade deficit widened unexpectedly in November, after a rise in the import of consumer goods

The US trade deficit widened unexpectedly in November, after a rise in the import of consumer goods