5302.0 - Balance of Payments and International Investment Position, Australia, Jun 2010 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 31/08/2010
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Decrease in current account deficit
Latest ABS figures show that, in seasonally adjusted, current price terms, the current account deficit fell $10,817m to $5,640m in the June quarter 2010. Exports of goods and services increased $12,747m (21%) and imports of goods and services increased $3,041m (5%).
In trend current price terms, the current account deficit fell $9,463m to $7,141m in the June quarter 2010.
In seasonally adjusted chain volume terms, the deficit on goods and services fell $1,260m (16%) from $7,694m in the March quarter 2010 to $6,434m in the June quarter 2010. This is expected to contribute 0.4 percentage points to growth in the June quarter 2010 volume measure of Gross Domestic Product.
Australia's net International Investment Position (IIP) rose $4.2b to a net liability position of $763.5b in the June quarter 2010. Australia's net foreign debt liability increased $14.1b (2%) and Australia's net foreign equity liability decreased $10.0b (10%).
Further details can be found in Balance of Payments and International Investment Position, Australia (cat. no. 5302.0) available for free download on the ABS website at www.abs.gov.au
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