The US trade deficit made the biggest one-month jump on record in December as a strengthening dollar propelled a surge in imports, reports Bloomberg.
The Bloomberg analysis of the various factors contributing to the widest gap between US imports and exports since November 2012 covers the strengthening dollar, a positive outlook on economic recovery, and a late-year surge in oil imports.
Datamyne data is cited in weighing the impacts of the protracted labor dispute at West Coast ports, which has boosted volumes through the ports of New York-New Jersey and Savannah, Georgia.
Read “Trade Gap Jumps as Americans Buy Imported Cars, Oil: Economy” >