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Doug McCann Research and Statistics Officer
Tel: 902-424-2141Email: Douglas.McCann@novascotia.ca

September 19, 2017
US CURRENT ACCOUNT Q2 2017

The US Bureau of Economic Analysis reported that the current account deficit increased in Q2 by $9.6 billion to $123.1 billion compared to the revised 2017Q1 result. Compared to the previous quarter, there were increases in the goods trade deficit (+$0.8 billion) and secondary income deficit (+7.5 billion) and a decrease in the primary income surplus (-$2.9 billion). The service trade surplus increased by $1.6 billion. For Q2 2017, the current account deficit of $123.1 billion results from balances on goods (-$201.4 billion), services (+$64.1 billion), primary income (+$47.2 billion) and secondary income (-$33.0 billion).

 

Source: United States Bureau of Economic Analysis

 

 



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