The current account measures the United States' international trade balance in goods, services, and unilateral transfers on a quarterly basis. The levels of exports, imports and the current account indicate trends in foreign trade. Why Investors Care
| Released on 6/17/08 For Q1 2008 | ||||||||
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Highlights
The current account deficit eroded in the first quarter to $176.4 billion from a revised deficit of $167.2 billion in the fourth quarter ($172.9 billion previous). The deficit for goods & services rose by $1.1 billion to $174.9 billion while the surplus on investment income slipped nearly $7 billion to $29.8 billion. The deficit for unilateral transfers increased about $1.4 billion to $31.2 billion. The current account gap represents 5.0 percent of GDP up from 4.8 percent in the fourth quarter. This report isn't market moving but is a reminder that the pace of asset outflow isn't likely to improve should the economy remain soft. Yet yesterday's Treasury International Capital showed robust foreign demand for U.S. securities in April, an early plus for the second quarter.
| 2008 Release Schedule | ||||||||||
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