Research >> Economics
2Q2016 Current Account Deficit Decreased
The U.S. current-account deficit decreased to $119.9 billion (preliminary) in the second quarter of 2016 from $131.8 billion (revised) in the first quarter of 2016, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit decreased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.9 percent in the first quarter.
The $12.0 billion decrease in the deficit reflected an $8.9 billion increase in the surplus on primary income to $42.9 billion, a $3.1 billion decrease in the deficit on secondary income to $37.6 billion, and a $0.4 billion increase in the surplus on services to $61.5 billion. These changes were partly offset by a $0.5 billion increase in the deficit on goods to $186.7 billion.
Posted: September 15, 2016 Thursday 08:30 AM