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Australia Has A$10.688 Billion Current Account Deficit

Australia posted a seasonally adjusted current account deficit of A$10.688 billion in the third quarter of 2018, the Australian Bureau of Statistics said on Tuesday.

That missed expectations for a shortfall of A$10.2 billion following the upwardly revised A$12.056 billion deficit in the three months prior (originally -A$13.5 billion).

Net exports of GCP came in at 0.4, exceeding expectations for 0.3 and up from 0.1 in the second quarter.

Australia's net IIP liability position was A$940.2 billion in Q3, a decrease of A$17.3 billion on the revised Q2 position of A$957.5 billion.

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