|
(CEP News) - Australia's current account deficit fell by a seasonally adjusted A$4,307 million to A$9,736 million in the third quarter, according to the Australian Bureau of Statistics on Tuesday morning (Monday night EST).
In seasonally adjusted chain volume terms, the deficit on good and services increased A$1088 million, or 11%. "This is expected to detract 0.4 percentage points from growth in the September quarter 2009," the report read. Australian GDP for the third quarter is set to be released tomorrow, and is expected to post a 0.2% quarterly increase, after increasing 0.3% in the second quarter. Australia's net international investment position rose A$12.1 billion to A$709.6 billion, with foreign debt liability up to A$658.0 billion and net foreign equity liability declining to A$51.6 billion. By Megan Ainscow,
This email address is being protected from spam bots, you need Javascript enabled to view it
CEP Newswires - CEP News © 2008. All Rights Reserved. www.economicnews.ca The Copying, Broadcast, Republication or Redistribution of CEP News Content is Expressly Prohibited Without the Prior Written Consent of CEP News. A copy of CEP News disclaimer can be found at http://www.economicnews.ca/cepnews/wire/disclaimer. |
