- Prior -43.4bn. Revised to -42.25bn
- Exports -1.0% vs +1.6% in Oct ( vs Nov 2013 +0.7%)
- Imports -2.2% vs +0.7% prior (vs Nov 2013 +1.9%)
Unfortunately it’s the fall in imports that has driven the deficit down not a rise in exports. This is starting to become a big issue for the US, especially as manufacturing isn’t out of the woods yet.
The energy situation is the main driver of lower imports with falling oil imports.
