Q3 2022

Q3 2022

December 6, 2022

Australia’s seasonally adjusted current account balance unexpectedly turned negative in Q3 2022, registering a deficit of A$2,278m against a surplus of A$14,745m in Q2 2022. The decline in the current account balance was driven by a A$11,088m drop in the trade surplus, coupled with a A$6,368m deterioration in the net primary income deficit.

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