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The
goods
and services deficit was $46.6 billion in December (well above expectations
of $37.9 billion), up $6.8 billion from $39.8 billion in November. December
exports were $194.9 billion, down $1.5 billion from November. December imports
were $241.4 billion, up $5.3 billion from November.
The
December increase in the goods and services deficit reflected an increase in
the goods deficit of $6.9 billion to $66.0 billion and an increase in the
services surplus of $0.1 billion to $19.5 billion.
For
2014, the goods and services deficit was $505.0 billion, up $28.7 billion or
6.0% from 2013. Exports were $2,345.4 billion, up $65.2 billion or 2.9%. Imports were $2,850.5 billion,
up $93.9 billion or 3.4%.
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On
a global scale, data compiled by the Netherlands
Bureau for Economic Policy Analysis showed that
world trade volume decreased by 1.0% in November (from the prior month) while
prices fell by 1.5%.
The foregoing comments represent the
general economic views and analysis of Delphi
Advisors, and are provided solely for the purpose of information, instruction
and discourse. They do not constitute a solicitation or recommendation
regarding any investment.
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