U.S. DEFICIT: $113 BLN
BEA - The U.S. current account deficit decreased to $113.0 billion (preliminary) in the third quarter of 2016 from $118.3 billion (revised) in the second quarter of 2016, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit decreased to 2.4 percent of current-dollar gross domestic product (GDP) from 2.6 percent in the second quarter.
The $5.3 billion decrease in the current account deficit reflected a $9.0 billion decrease in the deficit on goods that was partly offset by changes in the balances on secondary income, primary income, and services.
Exports of goods and services and income receipts increased $17.7 billion in the third quarter to $799.0 billion.
Imports of goods and services and income payments increased $12.4 billion to $912.0 billion.
Net U.S. borrowing measured by financial-account transactions was $207.9 billion in the third quarter, an increase from net borrowing of $41.0 billion in the second quarter. A decrease in net U.S. acquisition of financial assets excluding financial derivatives was partly offset by a decrease in net U.S. incurrence of liabilities excluding financial derivatives and an increase in net lending in financial derivatives other than reserves.
Net U.S. acquisition of financial assets excluding financial derivatives decreased $292.0 billion in the third quarter to $31.5 billion.
Net U.S. incurrence of liabilities excluding financial derivatives decreased $115.9 billion to $251.5 billion.
Transactions in financial derivatives other than reserves reflected third-quarter net lending of $12.1 billion, a $9.2 billion increase from the second quarter.
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