Research >> Economics
2Q11 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 $118.0 billion (preliminary) in the second quarter of 2011, from $119.6 billion (revised) in the first quarter. The decrease was more than accounted for by increases in the surplus on income and the surplus on services. Increases in the deficit on goods and in net unilateral current transfers were partly offsetting.
Posted: September 15, 2011 Thursday 08:30 AM