2018 Economic Calendar
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Current Account  
Released On 3/21/2018 8:30:00 AM For Q4:17
PriorPrior RevisedConsensusConsensus RangeActual
Current Account$-100.6 B$-101.5 B$-126.8 B$-133.0 B to $-120.3 B$-128.2 B

The current-account deficit increased to a roughly as-expected $128.2 billion in the fourth quarter vs the third quarter's slightly revised $101.5 billion deficit which benefited from $24.9 billion in hurricane-related insurance payments. As a percentage of GDP, the fourth-quarter deficit rose to a still moderate 2.6 percent from the prior quarter's 2.1 percent.

Fourth-quarter details include a swelling in the goods deficit, reflecting rising imports of industrial supplies and consumer goods, and also a deepening deficit in secondary income, here reflecting a decrease in U.S. government transfers.

Consensus Outlook
The current account deficit is expected to widen sharply in the fourth quarter, to a consensus $126.8 billion from a $100.6 billion total in the third quarter that was helped by receipts from foreign insurance companies for the hurricanes that swept the quarter. As a percentage of GDP, the current account deficit was 2.1 percent in the third quarter for the best showing since second-quarter 2014.

The current account measures the United States' international trade balance in goods, services, and unilateral transfers on a quarterly basis. Readings in this report track trends in cross-border trade.  Why Investors Care

2018 Release Schedule
Released On: 3/216/209/1912/19
Release For: Q4:17Q1:18Q2:18Q3:18

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