Washington: The US trade deficit got a little wider inside DecemberBut there was a sharp contraction in 2023 Import refused and export Rose.
The Commerce Department’s Census Bureau said Wednesday the trade deficit increased 0.5% to $62.2 billion. November data was revised to show trade difference Shrinked to $61.9 billion instead of $63.2 billion as previously reported.
Economists polled by Reuters had predicted the trade deficit would narrow to $62.2 billion in December. For the whole of 2023, the trade deficit declined by 18.7% to ₹773.4 billion. This represents 2.8% of GDP, down from 3.7% in 2022.
Trade added 0.43 percentage points to the economy’s 3.3% annual growth rate in the fourth quarter after being neutral for two consecutive quarters.
The Commerce Department’s Census Bureau said Wednesday the trade deficit increased 0.5% to $62.2 billion. November data was revised to show trade difference Shrinked to $61.9 billion instead of $63.2 billion as previously reported.
Economists polled by Reuters had predicted the trade deficit would narrow to $62.2 billion in December. For the whole of 2023, the trade deficit declined by 18.7% to ₹773.4 billion. This represents 2.8% of GDP, down from 3.7% in 2022.
Trade added 0.43 percentage points to the economy’s 3.3% annual growth rate in the fourth quarter after being neutral for two consecutive quarters.
