Current account (Balance of payments)
It is the difference between the sum of payments from aboard and the sum of payments to aboard. If foreign payments exceed the payments to other countries and international organizations, the current account has a surplus (positive balance). Otherways, it has a deficit (negative balance). A surplus or deficit reduction is a favorable factor for a domestic currency. It has limited influence on the market. The current account report is released quarterly, in the middle of a publication month at 10:00 EST (New York).
The index includes 6 groups of goods:
- raw materials and industrial components
- consumer goods
- installed equipment
- other goods
A separate indicator of the Balance of payments group is trade balance of the US and Japan.
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