Current Account in USA
USA - Current AccountEconomic growth moderated in the second quarter as falling fixed investment and a weak external sector dragged on growth. Nevertheless, American consumers continued to buttress growth in Q2, with household spending rising robustly over the quarter, and this trend has likely continued into Q3. In July, retail sales were surprisingly strong, consumer confidence recovered and the jobs report highlighted a healthy labor market. That said, the manufacturing sector slowdown persisted in the same month, with the ISM index falling to a near three-year low, weighed on by waning external demand amid the ongoing trade dispute with China. With regards to the latter point, the recent escalation in trade tensions suggests a swift resolution to the trade war is highly unlikely, which will drag on growth ahead and could prompt the Federal Reserve to further loosen monetary policy.
United States - Current Account Data
|Current Account (% of GDP)||-2.1||-2.1||-2.2||-2.3||-2.3|
5 years of economic forecasts for more than 30 economic indicators.
United States Current Account Chart
United States Facts
|Bond Yield||1.47||-0.43 %||Sep 04|
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||26,355||0.02 %||Sep 04|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
September 12, 2019
Consumer prices rose 0.1% over the prior month in August, down from the 0.3% increase registered in July.
September 6, 2019
The labor market continues to be in good standing midway through the third quarter, however details of the August jobs report shows signs of weakening economic momentum.
United States: ISM manufacturing index falls into contractionary territory for first time in three years
September 3, 2019
The Institute for Supply Management (ISM) manufacturing index fell to 49.1 in August from 51.2 in July, the lowest reading since January 2016.
August 29, 2019
Economic growth in the second quarter was slightly lower than previously reported, according to a second GDP estimate released by the Bureau of Economic Analysis.
August 27, 2019
Trade tensions escalated to unprecedent levels in recent weeks, with a fresh round of tit-for-tat tariffs from both the U.S and China increasing concerns that the over year-long trade war will persist beyond 2019.