WASHINGTON — The U.S. international trade deficit was $48.8 billion for December, a 3.7% increase from the revised $47.1 billion deficit for November, the Commerce Department reported Friday.

The December deficit was greater than the median $48.3 billion deficit for the month that was estimated by economists polled by Thomson Reuters.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.