By Martin Crutsinger – The deficit in the current account jumped 15.7 percent to $137.3 billion in the January-March quarter. That’s up from $118.7 billion in the final three months of last year, the Commerce Department reported Thursday.
The current account is the broadest measure of trade. It tracks the sale of merchandise and services between nations as well as investment flows.
U.S. exports of goods increased 1.6 percent to $388.5 billion. But imports rose a larger 2 percent to $583 billion. more> http://tinyurl.com/6ugd346
- Current account widens as exports shrink (abc.net.au)
- Canada’s current account deficit is a huge drain (theglobeandmail.com)
- Current account deficit: Keep it small and carry on (theglobeandmail.com)
- Shrinking reserves (thehindu.com)
- If the euro broke up, UK would be back in current account surplus (blogs.telegraph.co.uk)
- Business › Japan’s current account surplus down 21.2% in April (japantoday.com)
- Mining equipment imports drives up deficit (news.com.au)