US Q1 current account balance data

  • The deficit in Q4 was $128.2 billion (revised to 116.1B)

  • Goods and services $155.6B vs $147.8B prior

  • Primary income $62.0B vs $62.4B prior

The headline and revision were a bit better than expected but there has been no reaction in the US dollar, which isn't a big surprise. The numbers were revised all the way back to 2014 but there weren't any large swings.

The deficit is at 2.5% of GDP.