Current Account Deficit Climbs to Record
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The deficit in the broadest measure of trade climbed to a record high of $164.7 billion in the third quarter of this year, reflecting Americans' hardy demand for imported oil and foreign-made goods.
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The UK's current account deficit falls to Â£7bn ($13.2bn) in the second quarter of 2006, official figures show.
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The euro yesterday reached a new record high against the dollar, renewing fears that the faltering economic recovery in mainland Europe will be choked off next year.
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WASHINGTON -- The U.S. trade deficit set a fifth consecutive annual record in 2006, reflecting a huge jump in America's foreign oil bill and an all-time high for the trade gap with China. The year ended with the December deficit increasing more than had been expected.
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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 U.S. current account trade gap  widened to a record $164.71 billion in the third quarter, data  showed on Thursday. The deficit, the broadest measure of U.S.  trade, was not as great as feared, spurring a dollar rally.
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WASHINGTON - The US trade deficit, propelled by a record foreign oil bill, surged to $54 billion in August, second highest level in history.
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The US trade deficit widens to fresh record levels after higher oil prices raise the cost of imports.
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The U.S. current account deficit  shrank more than expected in the fourth quarter of 2006 to  $195.8 billion, as lower oil prices took a bite out of imports  and U.S. exports continued to rise, a Commerce Department  report showed on Wednesday.
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America&#39;s trade deficit swelled to an all-time high of $55.5 billion in October as imports -- including those from China -- surged to the loftiest levels on record.
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WASHINGTON -- The deficit in the broadest measure of trade set a record for the fifth consecutive year even though the imbalance in the final three months of 2006 shrank, reflecting a lower foreign oil bill.
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A monthly deficit on its oil balance saw the UK's worldwide trade gap widen to its highest level since January.
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The euro hit a record high against the  yen on Thursday and approached this week's all-time peak versus  the dollar, underpinned by concerns over the U.S. current  account deficit.
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The U.S. trade deficit widened more than expected in August to its second-highest level on record, fueled by the highest oil import prices in 23 years and record imports from China, the U.S. government said on Thursday.
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The deficit jumped by 9.3 percent, to $63.1 billion,  the government said, reflecting record oil imports. The deficit with China declined while the weak dollar lifted exports to a record high.
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The huge U.S. current account deficit widened in the third quarter to a record $225.6 billion, as gushing oil prices and strong demand for Chinese and other foreign goods pushed imports higher, a U.S. Commerce Department report showed on Monday.
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NEW YORK, October 15  - The US trade deficit increased to the second-highest record level of $54 billion in August this year, primarily driven by the elevated oil import prices and record imports of Chinese goods.