Australia BoP Current Account balance for Q2: -19.0bn
- expected -16.8bn
- prior was -10.7bn
Net exports as a % of GDP for Q2, -0.6 %
- expected -0.3%
- prior was +0.5%
Via Australian Bureau of Statistics:
BALANCE OF PAYMENTS
- The current account deficit, seasonally adjusted, rose $5,532m (41%) to $19,033m in the June quarter 2015
- The deficit on the balance of goods and services rose $4,860m (102%) to $9,641m in the June quarter 2015
- The primary income deficit rose $715m (9%) to $8,966m
- In seasonally adjusted chain volume terms, the surplus on goods and services fell $2,334m (28%) from $8,321m in the March quarter 2015 to $5,987m in the June quarter 2015
- This is expected to detract 0.6 percentage points from growth in the June quarter 2015 volume measure of GDP
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Note: Preview of the RBA announcement due at 0430GMT
RBA meeting today, no rate change expected, economic risks building
