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- Australia's current account deficit, seasonally adjusted, fell $1,368m to $10,688m in the September quarter
Australia's current account deficit, seasonally adjusted, fell $1,368m to $10,688m in the September quarter
Balance of payments:
The current account deficit, seasonally adjusted, fell $1,368m to $10,688m in the september quarter 2018. The balance on goods and services surplus rose $2,704m to $6,607m. The primary income deficit rose $1,162m to $16,911m.
In seasonally adjusted chain volume terms, the surplus on goods and services rose $1,603m from $1,250m in the june quarter 2018 to $2,853m in the september quarter 2018. This is expected to contribute 0.4 percentage points to growth in the september quarter 2018 volume measure of GDP.
International investment position (IIP):
Australia's net IIP liability position was $940.2b at 30 september 2018, a decrease of $17.3b on the revised 30 june 2018 position of $957.5b. Australia's net foreign equity asset position increased $29.9b to $103.9b at 30 september 2018. Australia's net foreign debt liability position increased $12.6b to $1,044.0b.
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