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Consumer Demand for Goods Likely Drove U.S. Import Surge During Holidays
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U.S. consumer demand for goods and an easing of supply-chain constraints likely drove a surge in imports in November, pushing the trade deficit to a record.
Economists surveyed by The Wall Street Journal estimate that the U.S. trade deficit widened in November to $81.5 billion. Backlogs at U.S. ports showed signs of easing in the fall, helping boost imports, while consumer spending was solid early in the holiday shopping season.
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