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JUNE KEY FIGURES

			Mar Qtr 2013	Jun Qtr 2013	Mar Qtr 2013 to Jun Qtr 2013
			$m	$m	% change
BALANCE ON CURRENT ACCOUNT
	Trend estimates		-10 985	-8 556	22
	Seasonally adjusted		-8 740	-9 350	-7
BALANCE ON GOODS AND SERVICES
	Trend estimates		-1 754	511	(a). .
	Seasonally adjusted		122	-18	(a). .
NET PRIMARY INCOME
	Trend estimates		-8 902	-8 741	2
	Seasonally adjusted		-8 529	-9 008	-6
LEVELS AT END OF PERIOD
	International Investment Position		848 698	816 937	-4
		Net foreign equity	109 614	54 764	-50
		Net foreign debt	739 084	762 173	3
. . not applicable
(a) See paragraph 5 of the Explanatory Notes.

Current Account Balance (a), Main aggregates

International Investment

• The current account deficit, seasonally adjusted, rose $610m (7%) to $9,350m in the June quarter 2013. There was a turnaround of $140m on the balance on goods and services, resulting in a deficit of $18m in the June quarter 2013. The primary income deficit rose $479m (6%) to $9,008m.
• In seasonally adjusted chain volume terms, the surplus on goods and services fell $154m (2%) from $7,306m in the March quarter 2013 to $7,152m in the June quarter 2013. This is expected to detract 0.04 percentage points from growth in the June quarter 2013 volume measure of GDP.

• Australia's net IIP liability position was $816.9b at 30 June 2013, a decrease of $31.8b on 31 March 2013. Australia's net foreign debt liability increased $23.1b to a liability position of $762.2b. Australia's net foreign equity liability decreased $54.9b to a liability position of $54.8b.

• capital goods n.e.s. component of goods debits series, revised in June quarter 2013
• architectural, engineering and other technical services component of services debits, revised in June quarter 2013
• legal, accounting, management consulting, public relations and other professional services component of services debits, revised in June quarter 2013.