Research >> Economics
3Q10 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 $127.2 billion (preliminary) in the third quarter of 2010, from $123.2 billion (revised) in the second quarter of 2010. The increase was the fifth 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 largely accounted for by a reduction in the surplus on income and an increase in the deficit on goods. An increase in net unilateral current transfers also contributed; an increase in the surplus on services was partly offsetting.
Posted: December 16, 2010 Thursday 08:30 AM