December 17, 2008
Current Account Deficit Down 3.7%
By Matthew L. Brown
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.
WBJ Web Partners
Most Recent
Most Recent
0 Comments