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

Cornell University

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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