Econoday Report: Current Account September 16, 2009

2009 Economic Calendar

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Current Account

Released on 9/16/2009 8:30:00 AM For Q2:09

	Prior	Actual
Current Account	$-101.5 B	$-98.8 B

Highlights
The current account gap narrowed to $98.8 billion in the second quarter vs. the first quarter's $104.5 billion (gap revised from $101.5 billion). The gap is 2.8 percent of GDP, down a tenth from the first quarter and the lowest percentage since 1991. A narrowing in the goods & services gap, reflecting weakened domestic demand, accounted for the second-quarter improvement.

Definition
The current account measures the United States' international trade balance in goods, services, and unilateral transfers on a quarterly basis. The levels of exports, imports and the current account indicate trends in foreign trade. Why Investors Care

2009 Release Schedule

Released On: 3/18 6/17 9/16 12/16

Released For: Q4:08 Q1:09 Q2:09 Q3:09

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