Current Account in USA

United States Current Account (USD bn) | Economic News & Forecasts

USA - Current Account (billions of U.S. Dollars)

Economic 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 (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)-348.8  -365.2  -407.8  -428.4  -439.7  

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United States Current Account (USD bn) Chart

USA Current Account

United States Facts

Bond Yield1.47-0.43 %Sep 04
Exchange Rate1.100.65 %Sep 04
Stock Market26,3550.02 %Sep 04

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