Agence France-PresseFebruary 6, 2014 14:31
The US trade deficit widened sharply in December as exports slumped, pointing to a sluggish global economy, government data released Thursday showed.
The trade deficit rose 12 percent to $38.7 billion in December, from November's upwardly revised $34.6 billion level, the Commerce Department said.
The December shortfall came in well above the average analyst estimate of $36.0 billion.
Exports tumbled 1.8 percent in December, to $191.3 billion, and imports edged up 0.3 percent, to $230.0 billion.