Trade Deficit Up 11% in October As Imports Hit All-Time Record: Full-Year Deficit Heading For $560B
By Jeff Ferry, CPA Research Director The US trade deficit rose another 8.6% in October to reach $48.7 billion as imports in the month hit $244.6B, an all-time record for imports in a single month. That import figure, which includes goods and services imports, is up 1.6% on the September figure, and up 7% on…