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Financial News: Australia Q4 Current Account Surplus A$955 Million

Australia Q4 Current Account Surplus A$955 Million

03/02/2020 - 21:49:00 (RTTNews)

(RTTNews) - Australia had a seasonally adjusted current account surplus of A$955 million in the fourth quarter of 2019, the Australian Bureau of Statistics said on Tuesday - down 85 percent on year.

That was shy of expectations for a surplus of A$2.3 billion and down from A$6.5 billion in the three months prior.

The balance on goods and services surplus fell A$6.021 billion to A$13.893 billion. The primary income deficit fell A$626 million to A$12.498 billion.

The surplus on goods and services rose A$531 million from A$8.418 billion in the September quarter 2019 to A$8.949 billion in the December quarter 2019. This is expected to contribute 0.1 percentage points to growth in the December quarter 2019 volume measure of GDP.

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