Connect to today’s credit, economy and business finance news from Charter Capital. Get breaking news, updates and reporting on industry news providing small businesses with up-to-date financial information and resources.
Trade Deficit Rises as Economy Improves
The Commerce Department reported that the U.S. trade
deficit jumped 9.7% to $36.4 billion in November, the
highest level in ten months. The news signals that the
improving U.S. economy has fueled better demand for imports.
However, exports rose as well, supporting the view that
American manufacturers will be helped by a rebounding global
economy. Exports grew 0.9%, the seventh consecutive gain, as
demand was up for American-made autos, farm products and
industrial machinery. Imports, however, increased a more
robust 2.6%, led by a 7.3% jump in petroleum imports. The
politically sensitive deficit with China narrowed 10.8% in
November to $20.2 billion as U.S. exports to China hit an
all-time high. Through November, the deficit with China is
still the largest the U.S. has with any country but, it is
down 15.9% from the same period in 2008.
Through the first 11 months of 2009, the U.S. trade
deficit was running at an annual rate of $371.59 billion,
down by nearly half from the prior year's imbalance of
$695.94 billion. That improvement reflected the deep
recession which impeded consumer demand for foreign
products. But, economists note the U.S. is starting to mount
an economic recovery which should continue to lift imports
in 2010 and probably drive the trade deficit higher.
Return to:
Credit, Economy and Business Finance News
Date Last Updated: 01/14/2010
News Feeds
-Charter Capital Factoring Blog on MerchantCircle
- Factoring Accounts Receivable Blog
- Factoring My Invoices Blog
- Small Business and Invoice Factoring News Blog
- Small Business Factoring and Financial News Blog
- Invoice Factoring and Accounts Receivable Financing Blog
- Accounts Receivables Factoring Blog
- Factoring and Finance Blog for Business
|
 |
