US: Goods and services deficit was $50.5 billion in November

"The goods and services deficit was $50.5 billion in November, up $1.6 billion from $48.9 billion in October," the U.S. Census Bureau and the U.S. Bureau of Economic Analysis jointly reported on Friday.

The November increase in the goods and services deficit reflected an increase in the goods deficit of $1.7 billion to $70.9 billion and an increase in the services surplus of $0.1 billion to $20.4 billion.

Year-to-date, the goods and services deficit increased $53.4 billion, or 11.6 percent, from the same period in 2016.

Exports increased $112.7 billion or 5.6 percent. Imports increased $166.1 billion or 6.7 percent.

Imports of goods increased $6.0 billion to $205.5 billion in November.