Current Account in USA
USA - Current Account (billions of U.S. Dollars)
The economy recorded its best showing in almost four years in the second quarter, thanks to strong private spending and a front-loading of business activity—notably export-oriented—ahead of the implementation of reciprocal tariffs with China in early July. Signs further point to robust but slightly decelerating momentum heading into the third quarter. In July, the unemployment rate ticked down, while consumer confidence remained near historic highs and retail sales were solid, boding well for consumption. However, the ISM index eased in July after a burst of activity in June, while industrial production growth only inched up in the same month. Nevertheless, the sharp drop in inventories observed in Q2 is likely to be reversed this quarter, which could provide a sizeable boost to growth.United States - Current Account (USD bn) Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account Balance (USD bn) | -349.5 | -373.8 | -434.6 | -451.7 | -466.3 |
United States Current Account (USD bn) Chart
United States Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.07 | -0.43 % | Sep 20 |
| Exchange Rate | 1.18 | 0.65 % | Sep 20 |
| Stock Market | 26,657 | 0.02 % | Sep 20 |
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Economic News
United States: Retail sales soften in August
September 14, 2018
Retail sales expanded 0.1% on a seasonally-adjusted month-on-month basis in August, slowing from July’s upwardly revised 0.7% growth (previously reported: +0.5% month-on-month).
United States: Inflation cools in August from July’s six-and-a-half year high
September 13, 2018
Consumer prices rose 0.2% from the previous month in August, matching the print recorded in July and slightly under market expectations of a 0.3% increase.
United States: Strong payroll gains buttress hourly earnings in August, paving the way for Fed rate hike in September
September 7, 2018
The August employment report showed the U.S. economy continuing to operate at full speed, once again recording strong payroll gains which are poised to support consumption dynamics going forward.
United States: ISM manufacturing index surges to 14-year high in August on a strong pickup in output and new orders
September 4, 2018
The U.S. manufacturing sector again registered an unexpectedly strong month in August, remaining on a well above-average growth path.
United States: Second GDP release confirms buoyant economic activity in Q2
August 29, 2018
A second GDP estimate confirmed the economy grew at the fastest pace in almost four years in the second quarter, buttressed by robust private outlays and a strong showing from the external sector, which benefited from the front-loading of export activity ahead of the implementation of reciprocal tariffs between China and the U.S. at the beginning of Q3.
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