US Q3 current account -$310.8 billion versus -$284.0B estimate

• Prior quarter $-266.8 billion revised to $-275.0B
• Current Account -$310.8B vs -$284.0B estimate

• Exports of goods and services to, and income received from, foreign residents increased $6.0 billion to $1.21 trillion in the third quarter. Imports of goods and services from, and income paid to, foreign residents increased $42.0 billion to $1.52 trillion.1

This is the largest deficit.

This is a drag on growth but it’s inevitable in an outperforming economy. Is it influenced by a Trump presidency and expected tariffs?

This article was written by Greg Michalowski at www.forexlive.com.