U.S. Q4 current widens on gain goods imports

Register now

The U.S. current account deficit rose to $128.2 billion in the fourth quarter of 2017 from a revised $101.5 billion deficit in the third quarter of 2016, originally reported as $100.6 billion, the Commerce Department reported Wednesday.

The deficit was above the median $125.0 billion estimate of economists polled by IFR Markets Reuters and represented 2.6% of gross domestic product in the fourth quarter, up from 2.1% in the third quarter.

The increase in the deficit was due to a larger deficit in goods and a smaller surplus in primary income.

For reprint and licensing requests for this article, click here.
Economic indicators