Australia's current account deficit narrowed to $12.5 billion in the September quarter, seasonally adjusted.
This followed a deficit of $13.9 billion in the June quarter, the Australian Bureau of Statistics (ABS) said on Tuesday.
The median market forecast was for a deficit of $13.5 billion in the September quarter.
The current account measures flows of income between Australia and the rest of the world, like interest payments and dividends, and transfers like foreign aid, as well as the export and import of goods and services.
The surplus on goods and services rose $3.02 billion in real terms, which would add 0.8 percentage points to growth in the September quarter measure of gross domestic product (GDP), the ABS said.
Australia's net foreign debt rose to $882.9 billion in the September quarter from $864.2 billion in the previous quarter.
Australia's terms of trade on goods and services fell 3.5 per cent in the September quarter, seasonally adjusted.
The terms of trade are the price of exports relative to the price of imports.
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