Research >> Economics
2Q10 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 $123.3 billion (preliminary) in the second quarter of 2010, from $109.2 billion (revised) in the first quarter of 2010. The increase was the fourth consecutive quarterly increase since the deficit of $84.4 billion in the second quarter of 2009, which was the smallest deficit since the third quarter of 1999. The increase was more than accounted for by an increase in the deficit on goods. Increases in the surpluses on services and income and a drop in net unilateral current transfers were partly offsetting.
Posted: September 16, 2010 Thursday 08:30 AM