Original article by Matthew Cranston
The Australian Financial Review – Page: 8 : 5-Jun-19
Australia has posted a current account deficit of just $2.9bn for the March quarter, compared with $7.2bn in the previous three months. The trade surplus has risen to a record $13.6bn, with the value of goods and services exports rising by $4.24bn and imports falling by $514m. The trade surplus was bolstered by higher iron ore prices, although iron ore export volumes fell during the quarter. National Australia Bank and BIS Oxford Economics have upgraded their GDP growth forecasts for the March quarter.
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, BIS OXFORD ECONOMICS PTY LTD, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ