Wednesday, March 14, 2012
[IWS] BEA: U.S. International Transactions, 4th Quarter and Year 2011--Current Account [14 March 2012]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
U.S. International Transactions, 4th Quarter and Year 2011--Current Account [14 March 2012]
[full-text, 10 pages]
The U.S. current-account deficit—the combined balances on trade in goods and services,
income, and net unilateral current transfers—increased to $124.1 billion (preliminary) in the
fourth quarter of 2011, from $107.6 billion (revised) in the third quarter. Most of the
increase in the current-account deficit was due to a decrease in the surplus on income and an
increase in the deficit on goods and services.
Goods and services
The deficit on goods and services increased to $141.1 billion in the fourth quarter
from $134.7 billion in the third.
AND MUCH MORE...including TABLES....
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