BEA News: U.S. International Transactions, 2nd quarter 2012

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:   

The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—decreased to $117.4 billion (preliminary) in the second quarter from $133.6 billion (revised) in the first quarter. The decrease in the current-account deficit was accounted for by a decrease in the deficit on goods and an increase in the surplus on income.
 

The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/international/transactions/transnewsrelease.htm 

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