The U.S. Census Bureau on Thursday released advance indicators showing that the international trade deficit and wholesale inventories decreased in December.
The international trade deficit was $82.5 billion in December, down $3 billion from $85.5 billion in November. Exports of goods for December were $133.4 billion, $5.9 billion more than November exports. Imports of goods for December were $215.9 billion, $2.9 billion more than November imports.
Wholesale inventories for December, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $650.4 billion, down 1.8% from December 2019 but up 0.1% from November. The October 2020 to November 2020 percentage change was unrevised from the preliminary estimate of virtually unchanged.
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