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.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.
Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.