The US current account deficit widened to a seasonally adjusted $246 billion in Q2 2026, up from a downwardly revised $212.6 billion in Q1. The figure came in slightly below market expectations of a $255 billion deficit.
The goods deficit increased to $291.3 billion from $250.9 billion, as imports rose 7.8% and outpaced a 4.4% increase in exports. The services surplus was broadly unchanged at $91.5 billion.
The primary income deficit narrowed to $11.4 billion from $15.8 billion, while the secondary income deficit decreased to $34.8 billion from $38 billion.
Overall, the shortfall corresponded to a current account deficit equal to 3.0% of US GDP in Q2, up from 2.7% in the previous quarter.
