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Data Digest: U.S. consumer purchases of imports lifts current account deficit

Current account for 2Q
The numbers: The current account trade deficit grew to $123.3 billion in the second quarter -- a 12.9 percent increase from the first quarter. This is the fourth quarter of increases and the highest amount since late 2008.

Quick take: The current account -- the broadest measure of trade, which tracks the flow of goods, services and investments -- showed that American consumers are buying more imports such as cars and computers.

What it means for you:
This is a positive sign for Americans' appetite for spending.

Data source: Commerce Department

By Ariana Eunjung Cha  |  September 16, 2010; 10:21 AM ET
Categories:  *Data Digest  
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