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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (134)	12/14/1999 11:48:00 AM
From: MythMan	Read Replies (3) \| Respond to of 42523

More clowning around... >>Current Account Gap Sets Record in Q3 Dec 14 10:49am ET WASHINGTON (Reuters) - The U.S. current account deficit, the broadest measure of foreign trade, widened to a new record in the third quarter as imports surged at twice the rate of exports, the government said on Tuesday. The Commerce Department said the deficit swelled 11 percent to $89.95 billion, surpassing the previous record deficit of $80.91 billion set in the second quarter. Originally, the department said the second-quarter current account gap was $80.67 billion, but it revised that estimate up slightly. Current account measures not only trade in goods and services with other nations but also investment flows and government grants. That makes it the widest measure of the nation's trade performance. The buoyant U.S. economy has been sucking in imported goods at a much faster rate than gradually reviving economies in Asia and elsewhere have been buying U.S.-made products. In the third quarter, imports of goods and services grew by $16.85 billion to $316.45 billion. Exports rose $8.11 billion to $242.63 billion. U.S. government transfers, which include items like pensions paid to Americans living abroad and grants to other countries, were down slightly to $11.2 billion in the third quarter from $11.21 billion during the second quarter. The deficit in investment income rose to $4.92 billion from $4.61 billion in the second quarter. <<