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Australia Q2 Current Account Deficit A$9.35 Billion

Australia saw a current account deficit of A$9.35 billion in the second quarter of 2013, the Australian Bureau of Statistics said on Tuesday, down 7 percent on quarter.

The headline figure missed forecasts for a shortfall of A$8.5 billion after posting a downwardly revised deficit of A$8.74 billion in the first quarter (originally reported as a deficit of A$8.5 billion).

The balance on goods and services was a seasonally adjusted deficit of A$18 million, down from a A$122 million surplus in the previous three months.

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