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JUNE KEY FIGURES

			Mar Qtr 2017	Jun Qtr 2017	Mar Qtr 2017 to Jun Qtr 2017
			$m	$m	% change
BALANCE ON CURRENT ACCOUNT
	Trend estimates		-5 373	-5 623	-5
	Seasonally adjusted		-4 754	-9 562	-101
BALANCE ON GOODS AND SERVICES
	Trend estimates		6 087	7 139	17
	Seasonally adjusted		7 403	3 070	-59
NET PRIMARY INCOME
	Trend estimates		-10 991	-12 283	-12
	Seasonally adjusted		-11 660	-12 159	-4
LEVELS AT END OF PERIOD
	International Investment Position		1 024 619	1 000 264	-2
		Net foreign equity	12 854	9 665	-25
		Net foreign debt	1 011 765	990 599	-2

Current Account Balance (a), Main aggregates

International Investment

• The current account deficit, seasonally adjusted, rose $4,808m to $9,562m in the June quarter 2017. There was a fall of $4,333m on the balance on goods and services, resulting in a surplus of $3,070m in the June quarter 2017. The primary income deficit rose $499m to $12,159m.
• In seasonally adjusted chain volume terms, the deficit on goods and services fell $1,363m from $1,559m in the March quarter 2017 to $196m in the June quarter 2017. This is expected to contribute 0.3 percentage points to growth in the June quarter 2017 volume measure of GDP.

• Australia's net IIP liability position was $1,000.3b at 30 June 2017, a decrease of $24.4b (2%) on the revised 31 March 2017 position of $1,024.6b. Australia's net foreign debt liability decreased $21.2b (2%) to $990.6b. Australia's net foreign equity liability decreased $3.2b (25%) to $9.7b at 30 June 2017.