Australia current account gap widens

Note: This section contains information in English only.
Source: Australian Bureau of Statistics
© Scanpix/Reuters
The seasonally-adjusted data published today by the Australian Bureau of Statistics on the current account of the world's fourteenth largest economy suggest the deficit went up to $9,350m from $8,740m, or by 7% within the second quarter of this year. This means the difference between the imported and exported goods rose and the demand for the Australian Dollar supposedly fell. Along with the retail sales, this is yet another worse-than-expected release, the estimate implied the deficit to be around only $8.3B.
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