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U.S. International Transactions: Second Quarter 2008 Current Account

Bureau of Economic Analysis – U.S. International Transactions: Second Quarter 2008 Current Account [Full Release and Tables]: “The U.S. current-account deficit–the combined balances on trade in goods and services, income, and net unilateral current transfers–increased to $183.1 billion (preliminary) in the second quarter of 2008 from $175.6 billion (revised) in the first quarter. The increase was more than accounted for by a decrease in the surplus on income and an increase in the deficit on goods. In contrast, the surplus on services increased, and net unilateral current transfers to foreigners decreased.”

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