U.S Current-Account Deficit Decreases in Second Quarter 2015

The U.S. current-account deficit – a net measure of transactions between the United States and the rest of the world in goods, services, primary income (investment income and compensation), and secondary income (current transfers) – decreased to $109.7 billion (preliminary) in the second quarter of 2015 from $118.3 billion (revised) in the first quarter of 2015. As a percentage of U.S. GDP, the deficit decreased to 2.5 percent from 2.7 percent. The previously published current-account deficit for the first quarter was $113.3 billion.

The deficit on international trade in goods decreased to $188.4 billion from $192.2 billion as goods exports increased and goods imports decreased.

The surplus on international trade in services increased to $58.4 billion from $57.9 billion as services exports increased more than services imports.

The surplus on primary income increased to $50.6 billion from $49.7 billion as primary income receipts increased more than primary income payments.

The deficit on secondary income (current transfers) decreased to $30.3 billion from $33.8 billion as secondary income receipts increased and secondary income payments decreased.

Net U.S. borrowing from financial-account transactions was $59.7 billion in the second quarter, down from $60.3 billion in the first.

Net U.S. acquisition of financial assets excluding financial derivatives was $137.5 billion in the second quarter, down from $320.2 billion in the first.

Net U.S. incurrence of liabilities excluding financial derivatives was $199.0 billion in the second quarter, down from $340.3 billion in the first.

Net lending in financial derivatives other th


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