A 10 percent spike in purchases of industrial supplies prompted the US trade deficit to reach a record high of $97.8 billion in November. It increased by 17.5 percent from a month earlier, seasonally-adjusted preliminary estimates showed. Imports, as a whole, were 4.7 percent higher in November — hitting $252.4 billion. Procurements of foreign automotive vehicles and food were up by 4.5 percent and 3.4 percent, respectively, data from the US Census Bureau revealed. Despite a 4.3 percent rise in food shipments from the US, overall exports dropped by 2.1 percent from a month earlier to stand at $154.7 billion. Both sales of industrial supplies and automotive vehicles went down by 2.3 percent as well. In annual terms, the country"s trade gap expanded by 14.5 percent.
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