US current account deficit narrowed to USD112.4bn in Q4 – ANZ

Analysts at ANZ explains that although wider for the entire year of 2016, the US current account deficit narrowed to USD112.4bn in Q4.

Key Quotes

“The market was expecting the one-off soybean exports over Q3 would wash out of the data, driving a wider deficit. However, the primary income component swung into a surplus of USD19.9bn.”