US Exports Fall to 4-Month Low

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Exports from the United States decreased by $4.8 billion from the previous month to $253.7 billion in November 2023, marking the lowest level since July. Goods sales declined by $5.4 billion, primarily driven by a $3.6 billion fall in exports of industrial supplies and materials, which include items like nonmonetary gold, crude oil, and organic chemicals. Additionally, exports of vehicles and parts decreased by $0.8 billion, attributed to reduced sales in both other automotive parts and accessories, and trucks, buses, and special purpose vehicles. Sales of consumer goods also dropped by $0.5 billion, mainly due to artwork and other collectibles. On the services front, exports increased by $0.6 billion, attributed to sectors such as travel, transport, government goods and services, and other business services.

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