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December 19, 2018US CURRENT ACCOUNT Q3 2018 The US Bureau of Economic Analysis reported that in Q3 2018, the current account deficit widened by $23.6 billion to $124.8 billion, compared to the revised Q2 2018 deficit of $101.2 billion.
Compared to the previous quarter,
- the goods trade deficit widened by $24.0 billion to $227.0 billion
- the services trade surplus narrowed by $0.1 billion to $68.4 billion
- the primary income surplus narrowed by $2.9 billion to $59.4 billion
- the secondary income account deficit narrowed by $3.4 billion to $25.6 billion
The current account deficit was 2.4 per cent of current-dollar gross domestic product (GDP) compared to 2.0 per cent in Q2 2018.
Source: United States Bureau of Economic Analysis
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