U.S. Current Account Deficit Deepens In Third Quarter

Deficit in goods is a major factor.

Deeper deficits in goods and on income helped drive the U.S. current account, the broadest measure of the country's international economic standing, farther into the red from July through September.

The third quarter current account deficit was $225.6 billion, $8.5 billion greater than the $217.1 billion deficit recorded in this year's second calendar quarter, the U.S. Commerce Department reported on Dec. 18.

The deficit on trade in goods was $218.6 billion in the third quarter, $8 billion more than the $210.6 billion goods deficit in the second quarter of this year.

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