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JUNE KEY FIGURES

			Mar Qtr 2016	Jun Qtr 2016	Mar Qtr 2016 to Jun Qtr 2016
			$m	$m	% change
BALANCE ON CURRENT ACCOUNT
	Trend estimates		-17 446	-15 578	11
	Seasonally adjusted		-14 899	-15 535	-4
BALANCE ON GOODS AND SERVICES
	Trend estimates		-9 251	-8 728	6
	Seasonally adjusted		-8 648	-7 996	8
NET PRIMARY INCOME
	Trend estimates		-7 774	-6 452	17
	Seasonally adjusted		-5 809	-7 160	-23
LEVELS AT END OF PERIOD
	International Investment Position		1 007 773	1 035 858	3
		Net foreign equity	-14 045	-8 647	38
		Net foreign debt	1 021 818	1 044 505	2

Current Account Balance (a), Main aggregates

International Investment

• The current account deficit, seasonally adjusted, increased $636m (4%) to $15,535m in the June quarter 2016. The deficit on the balance on goods and services decreased $652m (8%) to $7,996m. The net primary income deficit increased $1,351m (23%) to $7,160m.
• In seasonally adjusted chain volume terms, the surplus on goods and services decreased $999m (8%) from $11,796m in the March quarter 2016 to $10,797m in the June quarter 2016. This is expected to detract 0.2 percentage points from growth in the June quarter 2016 volume measure of GDP.

• Australia's net IIP liability position was $1,035.9b at 30 June 2016, an increase of $28.1b (3%) on the revised 31 March 2016 position of $1,007.8b. Australia's net foreign debt liability increased $22.7b (2%) to a net liability position of $1,044.5b. Australia's net foreign equity asset decreased $5.4b (38%) to a net asset position of $8.6b at 30 June 2016.