Current Account in USA
USA - Current Account (billions of U.S. Dollars)
Economic growth likely cooled further in the third quarter. Cracks began to show in private consumption: Retail sales unexpectedly shrank in September and consumer confidence tumbled, while payroll gains slowed and wage growth weakened in the same month. Moreover, ongoing uncertainty over trade policies and the global growth slowdown likely limited the rebound in business fixed investment from Q2’s contraction, while inventory contributions to GDP growth appeared to moderate, given falling imports and the General Motors strike. Regarding the trade front, the U.S. and China allegedly reached a partial trade deal. However, many panelists remain pessimistic that the countries will arrive at a full agreement in the near-term. In other news, in late September Congress passed a stopgap spending bill, averting a government shutdown and extending federal spending through 21 November.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 |
United States Current Account (USD bn) Chart
United States Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.47 | -0.43 % | Sep 04 |
| Exchange Rate | 1.10 | 0.65 % | Sep 04 |
| Stock Market | 26,355 | 0.02 % | Sep 04 |
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Economic News
United States: Inflation edges up in October but core inflation cools
November 13, 2019
Consumer prices rose 0.4% month-on-month in October, up from a flat reading in September and a notch above market expectations.
United States: Labor market slows but shows resilience in October
November 1, 2019
The latest jobs report shows the labor market remained strong at the start of the fourth quarter.
United States: ISM manufacturing index improves but remains in contractionary territory in October
November 1, 2019
The Institute for Supply Management (ISM) manufacturing index rose to 48.3 in October from 47.8 in September; however, the index undershot market expectations of 49.3 and remained below the 50-threshold that separates contraction from expansion in the sector.
United States: Economy cools in Q3 on declining business investment
October 30, 2019
The economy slowed further in the third quarter, but fared better than expected thanks to resilient consumer spending and a weaker drag from the external sector.
United States: U.S. Fed cuts rates again in October but signals pause ahead
October 30, 2019
At its 29–30 October monetary policy meeting, the Federal Reserve’s Open Market Committee (FOMC) voted to cut its target range for the federal funds rate by 25 basis points to 1.50%–1.75%.
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