Category
Trade and investment
The September quarter's balance of payments continues to demonstrate the strength of Australia's services exports and the increased returns for Australian investors holding assets abroad, according the latest Australian Bureau of Statistics figures.
These factors have helped reduce Australia's current account deficit by $4.6 billion, to $11.4 billion in the September quarter.
Services exports were up 2.4 per cent in real terms in the quarter and are continuing to support the economy as mining investment returns to normal levels.
Media release: Current account deficit improves
Last Updated: 6 December 2016