United States trade deficit reaches all time high
{{date|January 12, 2005}}

The United States Government reported the largest trade deficit in its history today, totalling $60.3 billion for the month of November.

The Commerce Department reported a rise of 7.7% from the previous month, in an announcement that had taken economists and analysts by surprise. The reading had been expected to fall to $54 billion, following a softening in oil prices.

The trade deficit through November totaled $561.3 billion, far above the previous annual record of $496.5 billion set in 2003, and put the country on track to record a trade imbalance topping $610 billion when the December figures are added.

== References ==
*{{source|url=http://www.briefing.com/Silver/Calendars/EconomicReleases/trade.htm |title=TRADE DEFICIT |author= |pub=briefing.com |date=January 12, 2005}}

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[[Category:United States]]
[[Category:Economy and business]]
The United States Government reported the largest trade deficit in its history today, totalling $60.3 billion for the month of November.

The Commerce Department reported a rise of 7.7% from the previous month, in an announcement that had taken economists and analysts by surprise. The reading had been expected to fall to $54 billion, following a softening in oil prices.

The trade deficit through November totaled $561.3 billion, far above the previous annual record of $496.5 billion set in 2003, and put the country on track to record a trade imbalance topping $610 billion when the December figures are added.
United States Economy and business