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WASHINGTON -- The U.S. current account deficit narrowed more than expected in the third quarter as a broad gain in exports outstripped the rise in imports.
The current account deficit decreased to $174.1 billion during the July through September period, from a downwardly revised $180.9 billion in the second quarter, the Commerce Department said Wednesday. The second-quarter deficit was originally reported as $183.1 billion.
The current account balance combines trade of goods and services, transfer payments, and investment income. About 90% of the deficit is accounted for by the balance in goods and services.
The third-quarter shortfall amounted to 4.8% ...
The current account deficit decreased to $174.1 billion during the July through September period, from a downwardly revised $180.9 billion in the second quarter, the Commerce Department said Wednesday. The second-quarter deficit was originally reported as $183.1 billion.
The current account balance combines trade of goods and services, transfer payments, and investment income. About 90% of the deficit is accounted for by the balance in goods and services.
The third-quarter shortfall amounted to 4.8% ...
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