US Trade Gap Widens

The US trade deficit unexpectedly widened in September by the largest amount in 10 years, figures show.

The trade gap, the difference between US imports and exports, grew 18.2% to $36.5bn (£21.9bn) from August.

Imports rose 5.8%, the biggest jump since 1993 and an indication that consumer spending is recovering.

Separately, US consumer confidence figures unexpectedly fell. The Michigan survey of consumers fell to 66.0 in November - down from 70.6 in October.

Post A Comment