|
2008 Economic Calendar |
|
POWERED BY
|
|
|
Resource Center » U.S. & Intl Recaps | Release Dates | Why Investors Care | Today's Calendar
|
|
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
| Released on | ||||||||||||
| ||||||||||||
Highlights
The nation's current account deficit totaled $190.8 billion in the second quarter, down from a $197.1 billion deficit in the first quarter and compared with a $187.9 billion deficit in the fourth quarter. The second quarter improvement reflected a decrease in net unilateral transfers and increases in the surpluses on services and income. Private foreign purchases of U.S. Treasuries fell $7.6 billion in the second quarter vs. a gain of $44.6 billion in the first quarter. This category appears certain to rise in the flight-to-safety environment of the current quarter. Foreign purchases of stocks were especially strong in the second quarter, up $104.2 billion vs. a gain of $43.5 billion in the first quarter. The current account gap represents 5.5 percent of GDP, an improvement compared with the 5.8 percent rate of the first quarter.
The U.S. current account deficit widened slightly to $192.6 billion in the first quarter from $187.9 billion in the fourth quarter.
Current account Consensus Forecast for Q2 07: -$191.0 billion
Range: -$194.9 billion to -$187.0 billion
| 2007 Release Schedule | ||||||||||
|
powered by
![[Econoday]](../../../../../../../../../images/logo.gif){kind=logo}