1Q Current Account Deficit at $136.1B

Newman, Emily
June 2003
Bond Buyer;6/20/2003, Vol. 344 Issue 31661, p2
Trade Publication
The U.S. trade deficit on a current account basis expanded to $136.1 billion in the fourth quarter of 2002. The figure compared to a revised $128.6 billion deficit in the fourth quarter, originally reported as a $136.9 billion deficit. Goods imports increased to $309.2 billion in the first quarter from a revised $303.1 billion, initially reported as $302.9 billion, with petroleum imports accounted for three-quarters of the increase. Service payments rose to $60.2 billion from a revised $59.2 billion the previous quarter, initially reported as $63.0 billion.


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