US current account deficit narrows in the second quarter
The U.S. current account deficit narrowed in the second quarter as exports and income from abroad rose, government data showed on Thursday.
The Commerce Department said the current account deficit, which measures the flow of goods, services and investments into and out of the country, fell to $119.9 billion from an upwardly revised $131.8 billion the first quarter.
The second-quarter current account deficit represented 2.6 percent of gross domestic product, down from 2.9 percent in the first three months of 2016.
Goods exports rose $6.1 billion to $360.2 billion