Value of Americans’ Foreign Holdings Decline to Start Year – Real Time Economics

 

Americans’ overseas investments had a tough start to the year.

The value U.S.-owned foreign assets shrank by $108 billion, or 0.5%, during the first quarter 2014, the Commerce Department said Monday.

The decline is a setback after gains of 3.3% in the fourth quarter of 2013 and 4.8% in the third quarter.

U.S. foreign holdings took a hit during the global financial downturn, but have increased fairly steadily since mid-2009.

The declining value of financial derivatives, down $402 billion, drove the first-quarter contraction. The value of most other asset categories, including direct investment in foreign stock, edged up.

 

 


 


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Source: blogs.wsj.com
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