FXstreet.com (Barcelona) - Trade deficit rose to the level of 63.12 billion dollars in November from the upwardly revised 57.77 billion posted in October, according to the latest report by the Commerce Department.
The market expectations were a lower reading of 59.75 billion deficit. October's deficit was upwardly revised from the 57.82 billion dollars originally posted.
Exports rose by 0.4% in November to the level of $142.31 billion dollars from the 141.68 billion seen in October. On the other hand, imports increased by 3% reaching the 205.43 billion dollars from the 199.45 billion dollars posted in October.
The value of energy imports rose 31.95 billion dollars from the 30.08 billion in October. Oil imports reched the 24.17 billion dollars in November, up from the 22.92 billion seen the previous month.
In December, import prices were unchanged following the upwardly revised 3.3% increase posted in November. The initial estimation for the monthly increase was 2.7%. On the year, import prices rose by 10.9% in December following the 11.4% increase seen in November.