U.S. Current Account Deficit Climbs to $218 billion, 2nd Highest Ever

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The deficit on goods increased to $210.6 billion from $208.0 billion
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The surplus on services was virtually unchanged at $16.8 billion
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The deficit on income increased to $4.1 billion from $2.5 billion
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Net unilateral current transfers were net outflows (payments) of $20.4 billion, up from $19.5 billion.
Net recorded financial inflows—net acquisitions by foreign residents of assets in the United States less net acquisitions by U.S. residents of assets abroad—were $154.1 billion in the second quarter, down from $171.5 billion in the first.
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U.S.-owned assets abroad increased $212.3 billion in the second quarter after they had increased $356.0 billion in the first.
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Foreign-owned assets in the United States increased $366.4 billion in the second quarter after they had increased $527.5 billion in the first.
Net U.S. purchases of foreign securities were $52.2 billion in the second quarter, down from $53.7 billion in the first. Net U.S. purchases of foreign stocks were $17.4 billion, down from $41.1 billion. Net U.S. purchases of foreign bonds were $34.8 billion, up from $12.6 billion.
U.S. direct investment abroad increased $47.1 billion in the second quarter, following an increase of $61.3 billion in the first. Foreign direct investment in the United States increased $48.4 billion in the second quarter, following an increase of $45.3 billion in the first.
