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Financial News: Australia Current Account Deficit Balloons To A$9.562 Bill

Australia Current Account Deficit Balloons To A$9.562 Billion

09/04/2017 - 21:41:00 (RTTNews)

(RTTNews) - Australia had a current account deficit of A$9.562 billion in the second quarter of 2017, the Australian Bureau of Statistics said on Tuesday.

That missed forecasts for a shortfall of A$7.5 billion following the downwardly revised A$4.754 billion deficit in the first quarter (originally -A$3.1 billion).

Net exports of GDP came in at 0.3, topping expectations for a flat reading following the 0.7 decline in the three months prior.

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