Q3 current account deficit widens to $178.5B

 

• Q3 Current Account: -$178.5B vs. -$185.6B consensus, -$161.4B previous (revised from -$170.5B).
• The Q3 deficit was 3.4% of current dollar gross domestic product, up from 3.3% in Q2.
• The $17.2B widening of the current account deficit mostly reflected an expanded deficit on goods that was partly offset by an expanded surplus on primary income