The U.S. Bureau of Economic Analysis (BEA) has issued the fo

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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 $110.3 billion (preliminary) in the third quarter of 2011, from $124.7 billion (revised) in the second quarter. More than half of the decrease reflected a decrease in the deficit on goods. A decrease in net unilateral current transfers and increases in the surpluses on services and on income also contributed.
The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/international/ ... elease.htm
www.bea.gov/newsreleases/national/gdp/g ... elease.htm