The imbalance in the current account decreased in the first quarter to $101.5 billion from a revised $154.9 billion in the fourth quarter, previously reported as a $132.8 billion deficit, the Commerce Department reported yesterday.

Thomson Reuters poll of economists predicted a $85.0 billion deficit.

The balance on goods was a $124.0 billion deficit in the first quarter, following a $178.8 billion deficit in the fourth quarter. The balance on services was a $32.8 billion surplus after a $34.3 billion surplus on services in the fourth quarter.

The balance on goods and services was a $91.2 billion deficit in the first quarter, following a $144.5 billion deficit on goods and services in the fourth quarter.

The balance on investment income was a $19.3 billion surplus in the first quarter after a $21.1 billion surplus on investment income in the fourth quarter.

The balance on unilateral transfers was a $29.6 billion deficit in the first quarter, following a $31.5 billion deficit on unilateral transfers in the fourth quarter.

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