(CercleFinance.com) – The U.S. trade deficit fell sharply to $61.5 billion in November 2022, down from $77.8 billion the previous month (which was revised from an initial estimate of $78.2 billion ), according to the Department of Commerce.
This 21% month-on-month decline, much larger than market expectations, reflects a 6.4% contraction in imports of goods and services, to $313.4 billion, for a mere 2% slowdown in exports , to 251.9 billion.
