U.S. Current Account Gap Grows to Record
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The U.S. current account gap widened again in the second quarter, growing to a record &#36;166.18 billion, the Commerce Department said on Tuesday.
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The US trade deficit widened to $54 billion in August, the second-highest in a string of record monthly trade gaps that shows no sign of abating.
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The U.S. current account deficit widened slightly to a record &#36;164.71 billion in the third quarter as the goods trade shortfall grew and the services surplus shrank, the government said on Thursday.
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America&#39;s trade deficit grew to an all-time high of $55.5 billion in October as imports - including those from China - increased to the loftiest levels on record.
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Current account deficit hits record high as credit crunch knocks tax receipts from the City
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The U.S. trade deficit, propelled by a record foreign oil bill, surged to $54 billion in August, the second highest level in history.
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The U.S. current account deficit grew to a record &#36;164.71 billion in the third quarter, less than had been forecast, the Commerce Department said on Thursday.
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WASHINGTON: The US trade gap widened nearly 9 per cent in October to a record $US55.5 billion ($NZ79.13b) as sky-high oil prices helped propel imports into new territory, while industrial output rose as expected in November.
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DAVOS, Switzerland  - The U.S. current account gap  is unlikely to narrow this year, putting stress on the U.S.  dollar which is risky for the global economy, European Central  Bank Governing Council member Axel Weber said on Saturday.
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Surging oil costs helped widen the   U.S. current account deficit more than expected in the second   quarter and capital flows into the United States in July ebbed,   government reports showed on Monday.
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The United States hit a record deficit of $166.2 billion last quarter in trade and capital flows with the rest of the world.
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The U.S. trade deficit hit a fifth straight annual record in 2006, driven by a record oil import bill and a flood of goods from China, a government report showed on Tuesday.
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The UK's current account deficit, a key economic indicator, widens to a record level, official data shows.
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The current-account surplus widened at the fastest rate in three years in April as exports rose and a weaker yen increased the value of investments abroad. The surplus expanded 50.3 percent, to 1.99 trillion yen ($16 billion), from a year earlier, as growth in exports to Asia and Europe helped offset a decline in shipments to the United States, the Ministry of Finance said. The trade balance climbed 34.7 percent. Exports climbed 7.3 percent from a year earlier, and imports advanced 3.2 percent.
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The U.S. current account deficit  narrowed more than expected in first quarter to &#36;208.7 billion,  as exports of U.S. goods rose more than goods imports and  unilateral current transfers fell sharply, the Commerce  Department said on Friday.
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The US trade gap shrank by a sharper than expected 3.7% in September as exports rose to a record high, despite a new record deficit with China.
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The U.S. current account deficit  widened more than expected in the second quarter to $218.4  billion, as surging oil prices pushed goods imports higher, the  U.S. Commerce Department said on Monday.