Australian Net Exports Contribution (Q2) +0.1%
- expected 0.0%, prior -0.1%
Current Account Balance -13.7bn AUD
- expected -16.0bn, prior -14.7bn
The April – June quarter in Australia saw:
- softer commodity prices impacting Australian exports
- but higher volumes of exports (Q1 volumes were negatively impacted by adverse weather events, while fewer student arrivls weighed on services export volumes)
- nevertheless the external sector has shown a slight positive contributor to real GDP growth in the quarter
This article was written by Eamonn Sheridan at investinglive.com.
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