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Friday, Jan. 17, 2003 | 9:48 a.m.

Trade deficit swells to record $40.1 billion in November

WASHINGTON -- The U.S. trade deficit bulged to a record $40.1 billion in November, reflecting Americans' ravenous appetite for foreign-made goods, especially toys, TVs and clothes.

The Commerce Department reported today that the imbalance between what the United States sells abroad and what it imports swelled by 13.9 percent from the October deficit of $35.2 billion.

A second report, from the Federal Reserve, showed that the nation's industrial sector -- hardest hit by the 2001 recession -- stumbled in December, a victim of the uneven economic recovery.

Production at the nation's factories, mines and utilities dipped by 0.2 percent in December, more than erasing a 0.1 percent gain the previous month, the Federal Reserve reported.

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