U.S. trade deficit in goods jumps 12.8% to $79.5B in December

U.S. goods trade deficit balloons nearly 13% in December

An advanced look at U.S. trade patterns in December showed a 12.8% increase in the nation's trade deficit. The advanced trade gap in goods - services are excluded - climbed to $79.5 billion from $70.5 billion in November, the U.S. Census Bureau said Wednesday. A bigger deficit subtracts from gross domestic product, the official scorecard for the U.S. economy. The bigger trade gap in December could led to GDP estimates being lowered.

An advanced look at wholesale inventories, meanwhile, showed a 1.1% increase in December. And an early look at retail inventories reflected a 0.9% gain in the final month of 2018. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here. var SA=SA || []; SA.push; var smscript=document.createElement; smscript.type='text/javascript'; smscript.async=true; smscript.src='https://smartasset.com/snippet.js'; var s=document.

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