The country’s third quarter current account deficit decreased by 3.7 percent compared to the previous quarter to $174.1 billion, the U.S. Department of Commerce said.
The second quarter deficit was $180.9 billion.
The department said the country increased exports from $337.3 billion in the second quarter to $346.5 in the third quarter. It also increased imports from $553.6 billion in the second quarter to $561.2 billion. The current account deficit takes into account not only trade, but the country’s investments and the amount of money the United States borrows from other countries.
