Research >> Economics
2Q08 Current Account Deficit increased
The U.S. current-account deficit--the combined balances on trade in goods and services, income, and net unilateral current transfers--increased to $183.1 billion (preliminary) in the second quarter of 2008 from $175.6 billion (revised) in the first quarter. The increase was more than accounted for by a decrease in the surplus on income and an increase in the deficit on goods. In contrast, the surplus on services increased, and net unilateral current transfers to foreigners decreased. The deficit on goods and services increased to $180.6 billion in the second quarter from $177.1 billion in the first.
Posted: September 17, 2008 Wednesday 08:33 AM