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Australia's current account deficit narrows to $11.4 billion
Higher export commodity prices contributed to an improvement in the current account deficit in the September quarter 2016, according to latest figures from the Australian Bureau of Statistics (ABS). The seasonally adjusted current account deficit fell $4,585 million (29 per cent) to $11,358 million in the September quarter 2016. Exports of goods and services rose $2,860 million (four per cent) and imports of goods and services rose $162 million. The primary income deficit fell $1,946 million (24 per cent). In volume terms, however, imports grew faster than exports this quarter and so international trade is expected ... (full story)