The U.S. Bureau of Economic Analysis said the current-account deficit widened to $246.0 billion in the second quarter from a revised $212.6 billion in the first. The increase was $33.4 billion, or 15.7%. The deficit equaled 3.0% of current-dollar GDP, compared with 2.7% in Q1.

At quarter-end, the U.S. net international investment position was minus $22.42 trillion: U.S. residents’ foreign assets were $46.97 trillion and U.S. liabilities to foreign residents were $69.39 trillion. Q1 was revised to minus $21.27 trillion. Current-account flows and investment-position stocks are different measures.