RTTNews - Correction: It was incorrectly mentioned trade deficit in the story heading and the first sentence of the earlier version. This is the corrected version.
Australia's current account deficit widened in the June 2009 quarter.
The Australian Bureau of Statistics reported Tuesday that the seasonally adjusted current account deficit for Q2 increased by just over A$7 billion to A$13.347 billion.
Australia's Q1 deficit was upwardly revised to A$6.35 billion from the A$4.61 billion originally reported.
The Bureau said the deficit on goods and services increased A$683 million or 36 percent. The higher deficit was expected to detract 0.2 percent to growth in Q2 GDP.
The Bureau also reported that Australia's net international investment position dropped by A$7.5 billion to a net liability position of A$725.9 billion in the June quarter.
Australia's net foreign debt decreased by 6 percent to A$633.174 billion.
For comments and feedback: contact email@example.com