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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

September 19, 2019
US CURRENT ACCOUNT Q2 2019

The US Bureau of Economic Analysis reported that in Q2 2019,  the current account deficit narrowed by $8.0 billion to $128.2 billion, compared to the revised Q1 2019.

Compared to the previous quarter,

  • the goods trade deficit widened by $6.6 billion to $223.3 billion
  • the services trade surplus narrowed by $0.3 billion to $60.0 billion
  • the primary income surplus widened by $10.8 billion to $67.6 billion
  • the secondary income account deficit narrowed by $4.1 billion to $32.5 billion

The current account deficit was 2.4 per cent of current-dollar gross domestic product (GDP) compared to 2.6 per cent in Q1 2019

Source: United States Bureau of Economic Analysis

 



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