US current account deficit widens 2.6% in first quarter (opens original article in a new tab)

US current account deficit widened by 2.6% in the first quarter, reaching $226.8B, above market expectations, as the primary income balance shifted from surplus to deficit.

• US current account deficit increased by 2.6% in the first quarter.
• The deficit reached $226.8B, exceeding market expectations.
• Primary income balance changed from surplus to deficit.