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Tuesday, September 21, 2021

Q2 current account deficit in-line with forecast

  • Q2 Current Account:-$190.3B vs. -$190B consensus, -$189.4B previous (revised from -$195.7B).
  • The second quarter deficit was 3.3 percent of current dollar gross domestic product, down from 3.4 percent in the first quarter.
  • The $0.9 billion widening of the current account deficit in the second quarter mainly reflected reduced surpluses on services and on primary income that were mostly offset by a reduced deficit on secondary income.

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