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| December Trade Figures (#1) - Feb. 10, 2006 |
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Summary
Earlier this morning, the Commerce Department reported a December trade deficit of $65.7 billion, approximately $1.0 billion higher than November's revised shortfall of $64.7 billion.
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* Based on Commerce Department figures released this morning, the US trade deficit (goods and services) came in at $65.7 billion in December, a rounded increase of $1 billion from November's $64.7 billion. (Originally, the November trade deficit was reported at $64.2 billion.)
* For all of 2005, the nation's trade deficit totaled $725.8 billion. This was $108.2 billion or 17.5% above 2004's red ink of $617.6 billion.
Today's release contained significant revisions to prior data, which I will discuss when I soon publish a more detailed examination of today's report.
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