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Q2 current acct -$101.5b vs revised in Q1,..>

US DATA
US DATA: Q2 current acct -$101.5b vs revised -$121.7b in Q1, the 
smallest since Q4 2015, due primarily to a $20.2 billion narrowing in 
the goods and services gap. In addition, the secondary income gap 
narrowed a bit, while the primary income surplus narrowed to provide s
some offset.
- The primary income surplus narrowed by $0.3b, while the secondary 
income gap narrowed by $0.4b, so the key impact on the headline 
number was from the goods and services gap. 
- The Q2 current acct gap was 2.0% of GDP, compared with 2.4% in Q1, 
now at the smallest percentage since Q3 2014. The data include annual 
revisions. 

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