BEA News: U.S. International Transactions, 2nd quarter 2013

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 $98.9 billion (preliminary) in the second quarter from $104.9 billion (revised) in the first quarter. The decrease in the current-account deficit was accounted for by a decrease in the deficit on goods, an increase in the surplus on income, and an increase in the surplus on services. These changes were partly offset by an increase in net outflows of unilateral current transfers, such as government grants, government pensions and other transfers, and private remittances. 

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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