Market Commentary and Intraday News
Australia Current Account Deficit A$11.8 Billion In Q2
260 days ago
(RTTNews) - Australia saw a current account deficit of A$11.801 billion in the second quarter of 2012, the Australian Bureau of Statistics said on Tuesday.
That beat forecasts for a shortfall of A$12.2 billion following the A$14.892 billion deficit in the first quarter.
Net exports are expected to contribute 0.3 percentage points to GDP, below forecasts for 0.6 percentage points but up from -0.5 percentage points in the previous three months.
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