Australia has A$8.510 billion current account deficit
2013-06-04 12:11:49
Australia saw a seasonally adjusted current account deficit of A$8.510 billion in the first three months of 2013, the Australian Bureau of Statistics said on Tuesday.
That beat forecasts for a shortfall of A$9 billion following the revised deficit of A$14.759 in the previous three months (originally A$14.678 billion).
Net exports of GDP came in at 1.0 percent, also topping expectations for 0.8 percent after showing 0.6 percent in the fourth quarter of 2012.
The trade balance was a seasonally adjusted surplus of A$367 million in the first quarter.