U.S. Q4 current widens on gain goods imports

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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.

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