Australia data - Q4 2023 Current account balance smashes higher than estimates

Australian Current Account Balance for Q4 2023 comes inn at AU$11.8bn

• vs expected of $5.6bn, prior -0.2bn

Net Exports Contribution +0.6% 9ie 0.6% add to GDP)

• expected +0.2%, prior -0.6%

Public demand will add 0.1% to GDP

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This is all much better data than we had yesterday:

• Australian data: January building approvals miss expectations, Q4 inventories slump