Current acct deficit $20.8b in Mar qtr

The Australian Bureau of Statistics has released the current account balance for the March quarter.

Australia's current account deficit was $20.8 billion in the March quarter, seasonally adjusted, from $22.6 billion in the previous quarter, official figures show.

The surplus on goods and services rose by $4.7 billion, which would add 1.1 percentage points to growth in the March quarter measure of gross domestic product (GDP), the Australian Bureau of Statistics said on Tuesday.