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Australia’s current account deficit shrinks less than estimates in Sept,

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - Australia’s current account deficit narrowed to AUD18.1b in the September quarter as compared to AUD20.5 billion in the previous quarter, official figures showed.

    The surplus on goods and services increased AUD6.1b to AUD8.2b in the September quarter. This is expected to contribute 1.5 percentage points to growth in the September quarter 2015 volume measure of GDP.

    Australia's terms of trade on goods and services fell 2.4% in the September quarter, seasonally adjusted.
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