2017 Economic Calendar
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Current Account  
Released On 9/19/2017 8:30:00 AM For Q2:17
PriorPrior RevisedConsensusConsensus RangeActual
Current Account$-116.8 B$-113.5 B$-115.1 B$-118.1 B to $-108.5 B$-123.1 B

The nation's current account deficit came in deeper than expected in the second quarter, at $123.1 billion which is well up from a revised $113.5 billion deficit in the first quarter. As a percentage of GDP, the current account deficit rose 2 tenths in the quarter to 2.6 percent which is moderate but still the highest rate since the first quarter of last year.

Inflating the deficit was a rise in the secondary income gap (current transfer payments), to $33.0 billion from the first quarter's $25.5 billion. In another negative, the surplus on primary income narrowed to $47.2 billion from $50.1 billion. The positive in the report is a narrowing in the goods and services trade gap, to a deficit of $137.3 billion from $138.1 billion.

Consensus Outlook
Helped by improvement in net exports, the current account deficit is expected to narrow in the second quarter to $115.1 billion from $116.8 billion in the first quarter. The account deficit relative to GDP has been moderate, at 2.5 percent in the first quarter.

The current account measures the United States' international trade balance in goods, services, and unilateral transfers on a quarterly basis. Readings in this report track trends in cross-border trade.  Why Investors Care

2017 Release Schedule
Released On: 3/216/209/1912/19
Release For: Q4:16Q1:17Q2:17Q3:17

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