US: Current-account deficit increased to $124.1 billion Q1 of 2018 from $116.1 billion

Eren Sengezer FXStreet

"The U.S. current-account deficit increased to $124.1 billion (preliminary) in the first quarter of 2018 from $116.1 billion (revised) in the fourth quarter of 2017," the Bureau of Economic Analysis (BEA) announced on Wednesday.

Key takeaways from the original publication

The deficit was 2.5 percent of current-dollar gross domestic product (GDP) in the first quarter, up from 2.4 percent in the fourth quarter.
The $8.0 billion increase in the current-account deficit reflected an $8.1 billion increase in the deficit on goods and relatively small and nearly offsetting changes in the balances on services, primary income, and secondary income.
Exports of goods and services and income receipts increased $23.0 billion in the first quarter to $913.4 billion.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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