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An early look at U.S. trade in October showed a big increase in the trade deficit: The advance look at trade in goods rose 9.6% to $62.0 billion, the government said Friday.
A broader look at overall trade will be released in early December, and trade in goods, not services, accounts for most of that figure. Trade patterns of services like medical advice are more consistent month to month.
October’s jump was bigger than economists had expected. The Econoday consensus was for a deficit of $59.7 billion.
