Wednesday, September 17, 2008

U.S. International Transactions: Second Quarter 2008 Current Account
"The U.S. current-account deficit--the combined balances on trade in
goods and services, income, and net unilateral current transfers--increased to
$183.1 billion (preliminary) in the second quarter of 2008 from $175.6 billion
(revised) in the first quarter. The increase was more than accounted for by a
decrease in the surplus on income and an increase in the deficit on goods. In
contrast, the surplus on services increased, and net unilateral current
transfers to foreigners decreased."

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