Current Account in USA
USA - Current Account (billions of U.S. Dollars)
The economy likely recovered robustly in Q3, after Q2’s unprecedented contraction due to the blow dealt by Covid-19. In September, the unemployment rate dropped 0.5 percentage points from the month prior while non-farm payrolls continued to rise, although they were still down 10.7 million compared to February. This, coupled with consumer confidence hitting a six-month high, likely boosted private spending, as suggested by a jump in auto and clothing sales in the same month. Furthermore, upbeat construction activity and a surge in housing starts in Q3 should have supported residential investment. Meanwhile, Joe Biden and the Democrats are currently leading the polls ahead of the presidential elections on 3 November. Under a Biden administration, economic growth would likely benefit from increased spending on infrastructure and social security, as well as a less disruptive foreign trade policy.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 | -498.4 |
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: Consumer confidence rises in February
February 23, 2021
Consumer confidence came in at 91.3 in February, up from January's 88.9.
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United States: Home price growth loses some pace in December
February 23, 2021
The S&P/Case-Shiller 20-city composite home price index—excluding Detroit due to reporting delays—increased 0.8% month-on-month in December down from November’s 1.1% rise.
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United States: Retail sales rebound robustly in January
February 17, 2021
Retail sales soared 5.3% in month-on-month seasonally-adjusted terms in January, contrasting December's 1.0% decrease and marked the strongest rise since June 2020.
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United States: Labor market conditions improve marginally in January
February 5, 2021
Total non-farm payrolls increased a modest 49,000 in January, virtually meeting analysts’ expectations of a 50,000 increase.
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United States: ISM manufacturing index dips but remains robust in January
February 1, 2021
The Institute for Supply Management (ISM) manufacturing index ticked down to 58.7 in January from 60.5 in December, and missed market expectations of a 60.0 reading.
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