America’s trade deficit lowered
(N.ZrP A.-Reuter—Copyright)
WASHINGTON, December 28.
America’s trade deficit dropped to $U5227.2m in November, after the record deficit of §USB2I.4m in October.
The smaller deficit came about because of a substantial increase in exports and a further decline in imports, according to a spokesman
for the Department of Commerce. The latest figure brought the total deficit for the first 11 months of this year to SUSI7I9m, compared with the favourable balance of SUS262Sm in 1970. The Administration has said that it expects a 1971 deficit in the neighbourhood of SUS2OOOm, the first trade deficit since 1893. The November figure, like that for October, reflects the influence of dock strikes on both the east and west coasts of America. The 100-day west coast dock strike ended in the second week of October under an 80-day “cooling off” order, but east and gulf coast ports were closed until November, when a similar order was imposed.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19711229.2.139
Bibliographic details
Press, Volume CXI, Issue 32801, 29 December 1971, Page 14
Word Count
156America’s trade deficit lowered Press, Volume CXI, Issue 32801, 29 December 1971, Page 14
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in