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Australia Has A$7.2 Billion Current Account Deficit In Q4

Australia had a seasonally adjusted current account deficit of A$7.2 billion in the fourth quarter of 2018, the Australian Bureau of Statistics said on Tuesday.

That exceeded expectations for a shortfall of A$9.1 billion following the A$10.7 billion deficit in the three months prior.

The surplus on goods and services fell A$781 million from A$2.022 billion in the third quarter to A$1.241 billion in the fourth quarter.

Net exports of gross domestic product fell 0.2 percent versus expectations for a fall of 0.1 percent following the 0.4 percent gain in Q3.

Australia's net IIP liability position was A$975.7 billion at 31 December 2018, an increase of A$36.5 billion on the revised 30 September 2018 position of A$939.1 billion.

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