Australia Q2 BoP current account balance: AUD +17.7bn (vs. expected AUD +13.0bn)

Exports remain a positive.

BoP current account balance

• expected AUD +13.0bn, prior AUD +8.4bn

Net exports as a % of GDP 1.0% - this is a positive input to the Q2 GDP data ... perhaps the only one ... except for government spending, that has surged to help keep the economy from collapsing more than it has

• expected 1.0%, prior 0.5%