Current Account in USA
USA - Current Account (billions of U.S. Dollars)The economy likely continued to expand at a robust pace in the third quarter, after logging a four-year high in the second quarter, although there are signs that momentum could slightly wane heading into the fourth quarter. Industrial production and ISM data for July to September indicate the manufacturing sector remained strong in Q3; nevertheless, further survey data shows the services sector losing steam, which was reflected by softer payroll gains in the sector in September. Additionally, while consumer confidence remained extremely high in September, private consumption dynamics appear to have lost some ground in the quarter, as retail sales growth was disappointing in both August and September. On the political front, the midterm elections on 6 November will likely see the Republican Party losing its majority in the House but retaining control over the Senate.
United States - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-349.5||-373.8||-434.6||-451.7||-466.3|
5 years of economic forecasts for more than 30 economic indicators.
United States Current Account (USD bn) Chart
United States Facts
|Bond Yield||3.11||-0.43 %||Nov 15|
|Exchange Rate||1.13||0.65 %||Nov 15|
|Stock Market||25,289||0.02 %||Nov 15|
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United States: Retail sales growth sharply rebounds in October on surging sales of fuel and motor vehicles
November 15, 2018
Retail sales expanded 0.8% on a seasonally-adjusted month-on-month basis in October, bouncing back markedly from the revised 0.1% contraction logged in September (previously reported: +0.1% month-on-month) and exceeding market expectations of 0.5% growth.
November 14, 2018
Consumer prices rose 0.3% from the previous month in October, up from September’s 0.1% increase and matching analysts’ expectations.
November 8, 2018
At its 7–8 November monetary policy meeting, the Federal Reserve’s Open Market Committee (FOMC) unanimously decided to maintain its target range for the federal funds rate at between 2.00% and 2.25%.
November 2, 2018
The October employment report showed the U.S. economy adding jobs at a strong pace in the month.
November 1, 2018
The U.S. manufacturing sector slowed in October but continued to register solid growth.