Current Account in USA
USA - Current Account (billions of U.S. Dollars)
A second GDP estimate confirmed the economy contracted at the sharpest rate since 2008 in the first quarter, and available data for the second quarter paints an even bleaker picture. In April, the unemployment rate sky-rocketed past the previous record high set in 1982, while initial jobless claims topped 40 million in the 10 weeks ending 28 May. Coupled with containment measures and limp consumer sentiment, this will be having a severe impact on private consumption—as suggested by a record decline in retail sales in April. Moreover, in the same month industrial production also plunged as firms shut down. On a brighter note, as of June virtually all states have begun to partially reopen, which, coupled with unprecedented fiscal and monetary stimulus, should help stabilize activity in the tail-end of the quarter.United States - Current Account (USD bn) Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Current Account Balance (USD bn) | -407.8 | -428.4 | -439.7 | -491.0 | - |
United States Current Account (USD bn) Chart
United States Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.92 | -0.43 % | Dec 31 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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United States: Labor market continues to recover in June
July 2, 2020
Total non-farm payrolls soared 4.8 million in June, increasing at the fastest rate since the series began in 1939, and beat market analysts’ expectations of a 3.0 million rise.
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United States: ISM manufacturing index rebounds in June
July 1, 2020
The Institute for Supply Management (ISM) manufacturing index increased from 43.6 in May to 52.6 in June, beating market expectations of 49.5 and marking the highest reading in 14 months.
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United States: Home price growth slows in April
June 30, 2020
The S&P/Case-Shiller 20-city composite home price index—excluding Detroit due to reporting delays—eased to 0.9% month-on-month in April, down from March’s 1.1% rise.
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United States: Retail sales jump at the fastest pace on record in May
June 16, 2020
Nominal retail sales surged at the fastest rate in the series’ near three-decade history in May, jumping 17.7% in month-on-month seasonally-adjusted terms.
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United States: Inflation continues to ease in May
June 10, 2020
Consumer prices fell 0.1% over the previous month in May missing market expectations of no change, but softer than April’s 0.8% dip.
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