Research >> Economics
2Q2013 Current Account Deficit Decreased
The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—decreased to $98.9 billion (preliminary) in the second quarter from $104.9 billion (revised) in the first quarter. The decrease in the current-account deficit was accounted for by a decrease in the deficit on goods, an increase in the surplus on income, and an increase in the surplus on services. These changes were partly offset by an increase in net outflows of unilateral current transfers, such as government grants, government pensions and other transfers, and private remittances.
Posted: September 19, 2013 Thursday 08:30 AM