U.S. Current Account Deficit falls in third quarter.

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December 17, 2007 - Forex Economic News

U.S. Current Account Deficit falls in third quarter.

The U.S. current account deficit declined in the third quarter of 2007 compared to the second quarter in news released by the Commerce Department today. The third quarter deficit fell to $178.5 billion from $188.9 billion in the second quarter and accounted for a 5.1 percent share of the GDP. "Increases in the surpluses on income and on services and a decrease in the deficit on goods" were cited by the report as reasons for the deficit decline. The current account measures trade and investment flows between countries and the third quarter results were the smallest deficit totals since 2005. View full report.

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