The US narrowed its balance of payments deficit with the rest of the world to $174.1 billion in the third quarter of this year, according to the Commerce Department.
The current account deficit is the broadest measure of the country's trade and income flows. It showed some improvement because of cash transfers and income flows, and a decline in the deficit on goods.
The trade deficit represented 4.8% of gross domestic product, down from 5.1% in the second quarter, the Commerce Department said. The deficit on goods and services decreased to $176.5 billion from $180.1 billion in the second quarter.
