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IWS Documented News Service

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Institute for Workplace Studies-----------------Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor--------------------Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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This service is supported, in part, by donations. Please consider making a donation by following the instructions at http://www.ilr.cornell.edu/iws/news-bureau/support.html

 

U.S. International Transactions: Second Quarter 2014 [17 September 2014]

http://www.bea.gov/newsreleases/international/transactions/2014/trans214.htm

or

http://www.bea.gov/newsreleases/international/transactions/2014/pdf/trans214.pdf

[full-text, 8 pages]

or

http://www.bea.gov/newsreleases/international/transactions/2014/xls/trans214.xls

[spreadsheet]

and

Highlights

http://www.bea.gov/newsreleases/international/transactions/2014/pdf/trans214_fax.pdf

 

 

Current Account

 

      The U.S. current-account deficit—a net measure of transactions between the United States

and the rest of the world in goods, services, primary income (investment income and

compensation), and secondary income (current transfers)—decreased to $98.5 billion

(preliminary) in the second quarter of 2014 from $102.1 billion (revised) in the first

quarter. The deficit decreased to 2.3 percent of current-dollar gross domestic product (GDP)

from 2.4 percent in the first quarter. The decrease in the current-account deficit was largely

due to a decrease in the deficit on secondary income. In addition, the surpluses on services

and primary income increased. These changes were partly offset by an increase in the deficit

on goods.

 

Goods and services

 

      The deficit on goods and services increased to $130.3 billion in the second quarter from

$124.5 billion in the first quarter.

 

AND MUCH MORE...including TABLES....

 

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