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Australia Has A$10.469 Billion Current Account Deficit In Q1 … RTT June 05, 2018 at 05:19AM

Australia Has A$10.469 Billion Current Account Deficit In Q1 … RTT

 

Australia Has A$10.469 Billion Current Account Deficit In Q1

Australia posted a seasonally adjusted current account deficit of A$10.469 billion in the first quarter of 2018, the Australian Bureau of Statistics said on Tuesday.

That missed expectations for a shortfall of A$9.9 billion following the A$14.0 billion deficit in the three months prior.

The balance on goods and services surplus in Q1 was A$4.083 billion, a turnaround of A$5.105 billion from a deficit of A$1.022 billion in the previous three months.

Exports of goods and services rose A$7.063 billion (7 per cent) and imports of goods and services rose A$1.958 billion (2 per cent).

The net export of GDP was 0.3 percent versus expectations for 0.5 percent following the 0.5 percent contraction in the previous three months.

by RTTNews Staff Writer

 

Read More: Australia Has A$10.469 Billion Current Account Deficit In Q1 … RTT

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