2Q Current Account Deficit at $166.28

Newman, Emily
September 2004
Bond Buyer;9/15/2004, Vol. 349 Issue 31969, p2
Trade Publication
The article informs that the U.S. trade deficit on a current account basis surged to a record $166.2 billion in the second quarter, the U.S. Commerce Department reported yesterday. The surplus on income decreased to $2.6 billion in the second quarter from $12.2 billion surplus in the first. IFR BondData America's poll of economists predicted a $160.0 billion trade deficit. Goods exports increased to $199.3 billion from $193.9 billion. Meanwhile, goods imports increased to $362.9 billion in the second quarter from $344.7 billion.


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