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Australia's seasonally adjusted current account deficit narrowed
Australia's seasonally adjusted current account deficit narrowed to A$11.358 billion in the third quarter of 2016, the Australian Bureau of Statistics said on Tuesday cited by rttnews - owing to higher export commodity prices.
That follows the A$15.943 billion shortfall in the three months prior.
The balance on goods and services marked a deficit of A$4.682 billion following the A$7.381 billion shortfall in Q2.
Net exports of GDP eased 0.2 percent, unchanged from the previous quarter. The net goods and services surplus fell A$871 million (61 percent) to A$561 million.
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