Australian Net Exports Contribution (Q2) +0.1%
expected 0.0%, prior -0.1%
Current Account Balance -13.7bn AUD
expected -16.0bn, prior -14.7bn
The April – June quarter in Australia saw:
softer commodity prices impacting Australian exports but higher volumes of exports (Q1 volumes were negatively impacted by adverse weather events, while fewer student arrivls weighed on services export volumes)nevertheless the external sector has shown a slight positive contributor to real GDP growth in the quarter
This article was written by Eamonn Sheridan at investinglive.com.