Australian BoP data for Q1. net exports as a % of GDP 0.2 % (vs. expected 0.2%)

Balance of payments data, the net exports as a % of GDP input nto Q1 GDP due tomorrow.

BoP comes in at a deficit of 2.9bn AUD

• expected -2.9bn, prior -7.2bn

A big drop for the deficit. Booming exports (LNG on line), higher commodity prices.

Iron ore supply interruption (not in Australia) and higher prices a big contributor.