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Current acct deficit narrows in Sept qtr

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

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Source: AAP


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Australia's current account deficit was $18.1 billion in the September quarter, seasonally adjusted, from $20.5 billion in the previous quarter, official figures show.

The surplus on goods and services rose by $6.1 billion, which would contribute 1.5 percentage points to growth in the September quarter measure of gross domestic product (GDP), the Australian Bureau of Statistics said on Tuesday.

Australia's terms of trade on goods and services fell 2.4 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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