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Bloomberg: Trade Gap in U.S. Probably Widened in September as Imports Rose

November 08, 2012, 07:13 AM
Filed Under: Economy

The trade deficit in the U.S. probably widened in September as imports climbed, economists said before a report today.

The gap grew to $45 billion, the biggest since May, from $44.2 billion in August, according to the median forecast of 75 economists surveyed by Bloomberg.

Consumers in the U.S. have begun to spend more as the job market stabilizes, boosting the inflow of goods made abroad as retailers restock ahead of the year-end holidays. At the same time, exports have weakened for two straight months as the global expansion deteriorated, hurting manufacturers like Emerson Electric Co.

Read the entire story on Bloomberg.

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