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September 19, 2019US 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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