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Highlights
The nation's current account deficit, hit by a deeper trade deficit, widened to $108.0 billion in the third quarter vs. a second-quarter deficit of $98.0 billion (revised from $98.8 billion). The third-quarter gap is 3.0 percent of GDP, the highest rate since 4.3 percent in the fourth quarter last year and vs. 2.8 percent in the second quarter. Foreign-owned assets in the U.S. increased $332.4 billion in the third quarter vs. a marginal increase of $14.6 billion in the second quarter. Foreigners were big purchasers of U.S. equities, at a net $48.6 billion vs. the second quarter's $35.6 billion. In other notes, private foreign accounts were once again net sellers of Treasuries, at a minus $9.2 billion vs. minus $22.8 billion in the second quarter. But official foreign accounts were once again big buyers of Treasuries, at a net $123.8 billion vs. $123.7 billion in the second quarter.
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