Current Account in USA
USA - Current AccountThe economy likely decelerated at the end of 2018, and momentum appears to remain on a downward trajectory in Q1 2019. In December, the ISM manufacturing index posted its steepest monthly decline in a decade. Moreover, consumer confidence tanked in the month, retail sales unexpectedly contracted and existing home sales fell to an over three-year low. This suggests private consumption softened in Q4, which was compounded by a sharp fall in equity prices in December. Looking at January, falling consumer confidence and shutdown effects suggest private spending will be modest in Q1, while lower industrial production in the month signals weakness in manufacturing. Meanwhile, recent trade talks reportedly yielded some concessions from China on intellectual property rights, market access and technology transfers, prompting President Trump to postpone new tariff action past the 1 March deadline.
United States - Current Account Data
|Current Account (% of GDP)||-2.1||-2.1||-2.4||-2.4||-2.4|
5 years of economic forecasts for more than 30 economic indicators.
United States Current Account Chart
United States Facts
|Bond Yield||2.64||-0.43 %||Mar 11|
|Exchange Rate||1.12||0.65 %||Mar 11|
|Stock Market||25,651||0.02 %||Mar 11|
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March 12, 2019
Consumer prices increased 0.2% over the prior month in February, accelerating from the flat print recorded in January and matching market expectations.
March 11, 2019
Nominal retail sales rose 0.2% on a seasonally-adjusted month-on-month basis in January, recovering marginally from December’s downwardly revised 1.6% sharp plunge (previously reported: -1.2% month-on-month), and mildly beating market expectations of a flat print.
United States: Weak February jobs report nonetheless sees wage pressures rising; confirms strong January reading
March 8, 2019
The February jobs report released by the Bureau of Labor Statistics (BLS) shows payrolls barely budged in the month after a strong start of the year, adding to concerns about an economic slowdown.
United States: ISM manufacturing index dips to over two-year low in February on softer output and domestic demand
March 1, 2019
The U.S. manufacturing sector continued to seesaw in the first months of 2019, losing ground in February after sharply recovering in the previous month from a year-end slump.
February 28, 2019
According to an initial estimate of fourth quarter GDP released by the Bureau of Economic Analysis (BEA), the economy continued to soften at the end of 2018, but nevertheless performed better than expected on a robust outturn of business spending.