×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

US current account widens sharply in third quarter

The US current account deficit surged in the third quarter as a record rebound in consumer spending pulled in imports, outpacing a recovery in exports.

The Commerce Department said on Friday the current account deficit, which measures the flow of goods, services and investments into and out of the country, widened 10.6 per cent to $178.5 billion last quarter.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in