5302.0 - Balance of Payments and International Investment Position, Australia, June 2012 Quality Declaration
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 04/09/2012
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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 $1,196m (9%) to $11,801m in the June quarter 2012. Exports of goods and services increased $3,061m (4%) and imports of goods and services increased $2,430m (3%). The primary income deficit fell $520m (5%).
In seasonally adjusted, chain volume terms, the net goods and services deficit fell $871m (6%) to $13,635m in the June quarter 2012. This is expected to contribute 0.3 percentage points to growth in the June quarter 2012 volume measure of Gross Domestic Product.
Australia's net International Investment Position liability was $879.5b at 30 June 2012, a decrease of $5.2b on 31 March 2012. Australia's net foreign debt liability increased $14.9b to a liability position of $756.2b. Australia's net foreign equity liability decreased $20.1b to a liability position of $123.3b.
Further details can be found in Balance of Payments and International Investment Position, Australia (cat. no. 5302.0).
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