Current Account

The Current Account released by the Bureau of Economic Analysis is a net flow of current transactions, including goods, services, and interest payments into and out of the US. A current account surplus indicates that the flow of capital into the US exceeds the capital reduction. Normally, a high reading is seen as positive (or Bullish) for the USD, whereas a low reading is seen as negative (or Bearish).

Next event - Tuesday 24 June 2025 12:30

Previous
$-303.9B
Forecast
$-440B
Actual
-

The typical/expected market impact of this event is low.

The consensus forecast for Current Account is $-440B. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Most recent - Thursday 20 March 2025 12:30

Previous
$-310.9B
Revised
$-310.3B
Forecast
$-325.5B
Actual
$-303.9B

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Trading range

Forecast history

The most recent announced value for Current Account was $-303.9B against a forecast of $-325.5B.

Past events

Date
Forecast
Actual
Thursday 20 March 2025 12:30
$-325.5B
$-303.9B
Wednesday 18 December 2024 13:30
$-284B
$-310.9B
Thursday 19 September 2024 12:30
$-260B
$-266.8B
Thursday 20 June 2024 12:30
$-206.4B
$-237.6B
Thursday 21 March 2024 12:30
$-209B
$-194.8B
Wednesday 20 December 2023 13:30
$-196B
$-200.3B
Thursday 21 September 2023 12:30
$-221B
$-212.1B
Thursday 22 June 2023 12:30
$-218B
$-219.3B
Thursday 23 March 2023 12:30
$-231.2B
$-206.8B
Wednesday 21 December 2022 13:30
-
$-217.1B
Thursday 22 September 2022 12:30
$-260.6B
$-251.1B

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Current Account result:

PreviousLatest
Existing Home Sales Change (MoM)Bullish change-0.5%0.8%
S&P Global Composite PMIBearish change5352.8
S&P Global Manufacturing PMI(no change)5252
S&P Global Services PMIBearish change53.753.1
Philadelphia Fed Manufacturing Survey(no change)-4-4
Fed Interest Rate Decision(no change)4.5%4.5%
Interest Rate Projections - 1st yearBullish change3.4%3.6%
Interest Rate Projections - 2nd yearBullish change3.1%3.4%
Interest Rate Projections - Current(no change)3.9%3.9%
Interest Rate Projections - Longer(no change)3%3%
Building Permits (MoM)Bearish change1.422M1.393M
Housing Starts (MoM)Bearish change1.392M1.256M
Initial Jobless ClaimsBullish change250K245K
Industrial Production (MoM)Bearish change0.1%-0.2%
Retail Sales (MoM)Bearish change-0.1%-0.9%
Retail Sales Control GroupBullish change-0.1%0.4%
Retail Sales ex Autos (MoM)Bearish change0%-0.3%
NY Empire State Manufacturing IndexBearish change-9.2-16
Michigan Consumer Expectations IndexBullish change47.958.4
Michigan Consumer Sentiment IndexBullish change52.260.5
UoM 1-year Consumer Inflation ExpectationsBearish change6.6%5.1%
UoM 5-year Consumer Inflation ExpectationBearish change4.2%4.1%
Initial Jobless Claims(no change)248K248K
Producer Price Index (MoM)Bullish change-0.2%0.1%
Producer Price Index (YoY)Bullish change2.5%2.6%
Producer Price Index ex Food & Energy (MoM)Bullish change-0.2%0.1%
Producer Price Index ex Food & Energy (YoY)Bearish change3.2%3%
Monthly Budget StatementBearish change$258B$-316B
Consumer Price Index (MoM)Bearish change0.2%0.1%
Consumer Price Index (YoY)Bullish change2.3%2.4%
Consumer Price Index ex Food & Energy (MoM)Bearish change0.2%0.1%
Consumer Price Index ex Food & Energy (YoY)(no change)2.8%2.8%

About Current Account

Country:United States
Currency:USD
Source:US Bureau of Economic Analysis
Category:Capital Flows
Frequency:Quarterly
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