Trade gap grows again

I thought the weak dollar was supposed to improve the trade gap:

U.S. exports sank 2.3 percent in November, driving the nation's trade deficit to all-time high of $60.3 billion, the Commerce Department estimated Wednesday.

While exports fell to a five-month low of $95.6 billion, imports rose 1.3 percent to a record $155.8 billion as the bill for imported oil rose by 17.7 percent -- more than $2 billion -- to a record $14.2 billion. The November figures are adjusted for seasonal factors, but not for price changes. The trade gap on goods and services thus increased by 7.7 percent from October's revised $56 billion and by 50.8 percent from November 2003's $40 billion.

Economists on Wall Street were fooled too, apparently, as they expected the gap to shrink to 53.3 billion..