The gap on goods widened $7.2 billion to $182.1 billion while the surplus on services narrowed $0.3 billion to $57.7 billion. The surplus on primary income widened $4.2 billion to $59.0 billion which was more than offset by a $12.9 billion widening in the gap on secondary income to $34.9 billion, a widening that reflects fewer US government fines.
Recent History Of This Indicator:
The U.S. current account deficit narrowed to $98.5 billion in the second quarter from a revised $102.1 billion in the first quarter. As a percentage of GDP, the gap slipped to 2.3 percent from the first quarter's 2.4 percent. A big positive in the second-quarter report, which incorporates new methodologies, was a wider surplus on transfers (adding $8.6 billion) and income (adding $0.7 billion). Also a plus was the balance on services (adding $1.1 billion) which helped offset a larger deficit on goods (subtracting $6.8 billion).
The U.S. current account deficit narrowed to $98.5 billion in the second quarter from a revised $102.1 billion in the first quarter. As a percentage of GDP, the gap slipped to 2.3 percent from the first quarter's 2.4 percent. A big positive in the second-quarter report, which incorporates new methodologies, was a wider surplus on transfers (adding $8.6 billion) and income (adding $0.7 billion). Also a plus was the balance on services (adding $1.1 billion) which helped offset a larger deficit on goods (subtracting $6.8 billion).
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