06-01-2017 14:58 via news.yahoo.com

Trade deficit rises for second straight month

WASHINGTON, Jan 6 (Reuters) - - The U.S. trade deficit widened for a second straight month in November as imports rose to their highest level in more than a year on higher oil prices, suggesting that trade was a significant drag on economic growth in the fourth quarter. The Commerce Department said on Friday the trade gap increased 6.8 percent to $45.2 billion. October's trade deficit was revised down slightly to $42.4 billion from the previously reported $42.6 billion.
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