U.S. goods trade deficit hits record high; inventories rise strongly [Reuters]
Moody's Corporation (MCO)
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Source: Reuters
Stacks of goods are pictured during operations on Cyber Monday at Amazon's fulfillment center in Robbinsville, New Jersey, U.S., November 29, 2021. REUTERS/Mike Segar/File Photo WASHINGTON, Jan 26 (Reuters) - The U.S. trade deficit in goods widened to a record high in December amid a continued rise in imports, suggesting that trade likely remained a drag on economic growth in the fourth quarter. But the report from the Commerce Department on Wednesday also showed an acceleration in the pace of inventory accumulation at retailers and wholesalers, which likely offset the impact on gross domestic product from the larger trade gap. "Strong demand and shifting consumer preferences during the pandemic led to a surge in imports that continues to outstrip exports and is contributing to all-time highs in the deficit," said Rubeela Farooqi, chief U.S. economist at High Frequency Economics in White Plains, New York. The goods trade deficit rose 3.0% to an all-time high of $101.0 billion last mon
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MCO
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- 2/14/24 - Miss
MCO
Sec Filings
- 4/19/24 - Form 8-K
- 4/2/24 - Form 3
- 4/2/24 - Form 4
- MCO's page on the SEC website