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JUNE KEY FIGURES

			Mar Qtr 2018	Jun Qtr 2018	Mar Qtr 2018 to Jun Qtr 2018
			$m	$m	% change
BALANCE ON CURRENT ACCOUNT
	Trend estimates		-13 692	-12 875	6
	Seasonally adjusted		-11 678	-13 472	-15
BALANCE ON GOODS AND SERVICES
	Trend estimates		1 695	2 960	75
	Seasonally adjusted		3 344	2 812	-16
NET PRIMARY INCOME
	Trend estimates		-15 100	-15 555	-3
	Seasonally adjusted		-14 832	-15 934	-7
LEVELS AT END OF PERIOD
	International Investment Position		933 929	953 430	2
		Net foreign equity	-87 217	-82 978	5
		Net foreign debt	1 021 146	1 036 408	1

Current Account Balance (a), Main aggregates

International Investment

• The current account deficit, seasonally adjusted, rose $1,794m to $13,472m in the June quarter 2018. The balance on goods and services surplus fell $532m to $2,812m. The primary income deficit rose $1,102m to $15,934m.
• In seasonally adjusted chain volume terms, the deficit on goods and services fell $546m from $13,407m in the March quarter 2018 to $12,861m in the June quarter 2018. This is expected to contribute 0.1 percentage points to growth in the June quarter 2018 volume measure of GDP.

• Australia's net IIP liability position was $953.4b at 30 June 2018, an increase of $19.5b on the revised 31 March 2018 position of $933.9b. Australia's net foreign debt liability position increased $15.3b to $1,036.4b. Australia's net foreign equity asset position decreased $4.2b to $83.0b at 30 June 2018.