U.S. Q3 current detail deficit declines — better, but still not good
The U.S.’s current history deficit decreased to $178.5 billion in Q3 2007, down from a revised $188.9 billion in Q2 2007, the U.S. Commerce station announced Monday, as exports of capital goods and motor vehicles increased.
Economists had expected [subscription required] a Q3 2007 history deficit of about $184 billion. The Q3 2007 current explanation stat represents the smallest detail deficit as a percent of the U.S. economy since Q1 2004.
The Q3 2007 explanation deficit was roughly 5.1% of U.S. GDP using a closing Sept. 2007 GDP of $13.967 trillion. That’s down from 5.5% of GDP
Small victory
In Q3 2007, imports of goods rose to $497.6 billion from $483.6 billion in Q2 2007, but exports of goods rose even more, to $297.9 billion from $279.3 million. Meanwhile, the trade of services rose to a surplus of $26.5 billion from $25.8 billion.
Continue reading U.S. Q3 current history deficit declines — better, but still not good
Original post by Joseph Lazzaro
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