Trade Gap Hits Highest Level Since July

  • U.S. trade deficit in goods widens to $90.3 billion in November
  • Trade gap is the highest since July
  • Wholesale inventories decline by 0.2% in November
  • Retail inventories, excluding autos, drop by 0.8%

The U.S. trade deficit in goods widened to $90.3 billion in November, marking the third consecutive month of increase. This trade gap is the highest level since July. Additionally, wholesale inventories declined by 0.2% in November, while retail inventories, excluding autos, dropped by a sharp 0.8%.

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Factuality Level: 7
Justification: The article provides specific information about the U.S. trade deficit in goods and wholesale inventories in November, which is supported by the Commerce Department’s advanced estimate. However, the article lacks context and background information, and it is very short with no analysis or explanation of the implications of these numbers.

Noise Level: 2
Justification: The article is very short and lacks any meaningful analysis or insights. It mainly consists of a brief report on the U.S. trade deficit and inventories without providing any context or explanation. The article also includes irrelevant information about the use of text-to-speech technology and a request for feedback. Overall, the article is low in substance and does not provide any actionable insights or new knowledge.

Financial Relevance: Yes
Financial Markets Impacted: The U.S. trade deficit and inventories may impact financial markets and companies.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article provides information on the U.S. trade deficit and inventories, which can have implications for financial markets and companies.

Reported publicly: www.marketwatch.com