The U.S. Census Bureau this week released advance indicators showing that the international trade deficit increased while and wholesale inventories decreased in November.
The international trade deficit was $84.8 billion in November, up $4.4 billion, or 5.5%, from $80.4 billion in October. Exports of goods for November were $127.2 billion, $1.1 billion more than October exports. Imports of goods for November were $212 billion, $5.5 billion more than October imports.
Wholesale inventories for November, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $649 billion, down 2.2% from November 2019 and down 0.1% from October 2020. The September 2020 to October 2020 percentage change was revised from up 1.1% to up 1.2%.
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