Australia posted a seasonally adjusted current account surplus of A$10.024 billion in the third quarter of 2020, the Australian Bureau of Statistics said on Tuesday – down 39 percent on quarter.

That exceeded forecasts for a surplus of A$7.1 billion following the A$16.345 billion surplus in the three months prior.

The capital and financial account deficit fell A$7.750 billion or 45 percent on quarter to A$9.296 billion.

goods credits fell A$4.983 billion (6 percent) to A$84.990 billion, with volumes down 2 percent and prices down 3 percent.

Australia’s net IIP liability position was A$942.8 billion on 30 September 2020.

The material has been provided by InstaForex Company –

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