Current Account in USA
USA - Current Account (billions of U.S. Dollars)
While revised GDP data confirmed growth was stable in the fourth quarter of last year, the economy appears to be cooling at the outset of this year. Preliminary indicators point to solid consumer fundamentals: In January, retail sales growth strengthened and labor market conditions remained strong, while consumer confidence hit a six-month high in February. That said, industrial output contracted in January and Boeing’s halted production of the 737 MAX will likely cause an inventory drawdown and weigh on growth in the first quarter. Meanwhile, health authorities have warned of an imminent outbreak of the coronavirus in the U.S. This spooked financial markets and caused oil prices to slide, while incoming data shows the epidemic has already begun to drag on business sentiment and disrupt supply chains in an already frail manufacturing sector.United States - Current Account (USD bn) Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Current Account Balance (USD bn) | -365.2 | -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: Payrolls tank by largest extent since March 2009 in the wake of the coronavirus crisis
April 3, 2020
U.S. employers cut 701,000 jobs in March, severely overshooting market expectations of a decline of 100,000 payrolls, and contrasting February’s revised 275,000 increase (previously reported: 273,000).
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United States: ISM manufacturing index slides back into contractionary territory in March
April 1, 2020
The Institute for Supply Management (ISM) manufacturing index slipped to 49.1 in March from 50.1 in February, but came in above market expectations of 44.5.
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United States: Consumer confidence hits almost three-year low in March as households worry about growing pandemic
March 31, 2020
The Conference Board’s consumer confidence index fell to 120.0 in March from February’s revised six-month high of 132.6 (previously reported: 130.7) but was better than market expectations of a sharper fall to 110.0.
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United States: Home price growth hits one-year high in January
March 31, 2020
The S&P/Case-Shiller 20-city composite home price index was flat on a month-on-month basis in January, matching December’s figure.
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United States: Congress approves unprecedented USD 2 trillion coronavirus stimulus deal in March
March 26, 2020
After days of heated negotiations, U.S. policymakers passed a historic stimulus package on 27 March amounting to roughly USD 2 trillion (close to 10% of GDP), in efforts to combat the severe economic fallout from the coronavirus pandemic.
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