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U.S. trade deficit widened to $46.56 billion in December | 05.02.2015

The U.S. Commerce Department released the trade data on Thursday. The U.S. trade deficit widened to $46.56 billion in December from a deficit of $39.75 billion in November. That was the lowest level since November 2012.

 

 

November's figure was revised down from a deficit of $39.0 billion.

 

 

Analysts had expected a trade deficit of $38.0 billion.

 

 

The decline of a deficit was driven by falling oil prices, a stronger greenback and a strengthening U.S. economy.

 

 

Exports decreased 0.8% in December, while imports rose 2.2%.



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