SEPTEMBER KEY FIGURES

			Jun Qtr 2017	Sep Qtr 2017	Jun Qtr 2017 to Sep Qtr 2017
			$m	$m	% change
BALANCE ON CURRENT ACCOUNT
	Trend estimates		-7 701	-9 552	-24
	Seasonally adjusted		-9 664	-9 125	6
BALANCE ON GOODS AND SERVICES
	Trend estimates		5 006	3 223	-36
	Seasonally adjusted		3 432	3 056	-11
NET PRIMARY INCOME
	Trend estimates		-12 535	-12 587	-
	Seasonally adjusted		-13 012	-11 968	8
LEVELS AT END OF PERIOD
	International Investment Position		945 673	958 849	1
		Net foreign equity	-18 068	-30 849	-71
		Net foreign debt	963 740	989 699	3
- nil or rounded to zero (including null cells)

Current Account Balance (a), Main aggregates

International Investment

SEPTEMBER KEY POINTS


BALANCE OF PAYMENTS

• The current account deficit, seasonally adjusted, fell $539m to $9,125m in the September quarter 2017. There was a fall of $376m on the balance on goods and services, resulting in a surplus of $3,056m in the September quarter 2017. The primary income deficit fell $1,044m to $11,968m.
• In seasonally adjusted chain volume terms, the deficit on goods and services rose $145m from $9,592m in the June quarter 2017 to $9,737m in the September quarter 2017. This is expected to make no contribution to growth in the September quarter 2017 volume measure of GDP.

INTERNATIONAL INVESTMENT POSITION (IIP)

Australia's net IIP liability position was $958.8b at 30 September 2017, an increase of $13.2b (1%) on the revised 30 June 2017 position of $945.7b. Australia's net foreign debt liability increased $26.0b (3%) to $989.7b. Australia's net foreign equity asset increased $12.8b (71%) to $30.8b at 30 September 2017.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
December 2017	6 March 2018
March 2018	5 June 2018
June 2018	4 September 2018
September 2018	4 December 2018

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INQUIRIES

For further information contact Balance of Payments at <balance.of.payments@abs.gov.au> for balance of payments estimates, and International Investment at <international.accounts@abs.gov.au> for international investment estimates.