Australia Balance of Payments Current Account for Q1: AUD -10.5bn
- expected AUD -9.9bn, prior AUD -14.7bn, revised from -14.0bn
Net exports 0.3% (as a % of GDP)
- vs. 0.5% expected and -0.5% prior ….. so its an improvement but nevertheless a miss on estimates
- A less positive than expected GDP input and a negative input for the AUD on this
Public spending (government consumption) will add 0.3% to GDP
- govmt investment to add -0.1% (i.e a subtraction of 0.1)
more to come
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For background
