SEPTEMBER KEY FIGURES
 | | | Jun Qtr 2011 | Sep Qtr 2011 | Jun Qtr 2011 to Sep Qtr 2011 |
| | | $m | $m | % change |
|
| BALANCE ON CURRENT ACCOUNT | | | |
| Trend estimates | -6 929 | -6 061 | 13 |
| Seasonally adjusted | -6 660 | -5 637 | 15 |
| BALANCE ON GOODS AND SERVICES | | | |
| Trend estimates | 6 108 | 6 419 | 5 |
| Seasonally adjusted | 6 218 | 6 801 | 9 |
| NET PRIMARY INCOME | | | |
| Trend estimates | -12 948 | -12 410 | 4 |
| Seasonally adjusted | -12 784 | -12 364 | 3 |
| LEVELS AT END OF PERIOD | | | |
| International Investment Position | 797 651 | 848 283 | 6 |
| | Net foreign equity | 111 418 | 107 778 | -3 |
| | Net foreign debt | 686 233 | 740 504 | 8 |
|
Current Account, Main aggregates - Trend estimates at current prices (a)
| International Investment
|
SEPTEMBER KEY POINTS
BALANCE OF PAYMENTS
- The current account deficit, seasonally adjusted, fell $1,023m (15%) to $5,637m in the September quarter 2011. The surplus on the balance of goods and services rose $583m (9%) to $6,801m. The primary income deficit fell $420m (3%) to $12,364m.
- In seasonally adjusted chain volume terms, the deficit on goods and services rose $1,930m (17%) from $11,340m in the June quarter 2011 to $13,270m in the September quarter 2011. This is expected to detract 0.6 percentage points from growth in the September quarter 2011 volume measure of GDP.
INTERNATIONAL INVESTMENT POSITION (IIP)
- Australia's net IIP liability position was $848.3b at 30 September 2011, an increase of $50.6b on 30 June 2011. Australia's net foreign debt liability increased $54.3b to a liability position of $740.5b. Australia's net foreign equity liability decreased $3.6b to a liability position of $107.8b.
NOTES
FORTHCOMING ISSUES
| ISSUE (QUARTER) | Release Date |
| December 2011 | 6 March 2012 |
| March 2012 | 5 June 2012 |
| June 2012 | 4 September 2012 |
REVISIONS
In original terms, data have been revised back to September quarter 1981. See
Revisions for details.
Revisions have been made to incorporate the latest data relating to international merchandise trade. The 'capital goods n.e.s.' component of the goods debits series has been revised from July 2011 onwards since the release of the September 2011 issue of the
International Trade in Goods and Services (cat. no. 5368.0).
The revised goods debits data aligns with the data to be published in the September quarter 2011
Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0) to be released on 7 December 2011.
CHANGES IN THIS AND FORTHCOMING ISSUES
Changes in this issue:
- Seasonally adjusted and trend estimates
- Chain volume estimates, implicit price deflators and terms of trade indexes
- Selected international accounts ratios - table 35.
Changes in forthcoming issues:
- Changes in time series spreadsheets table 83.
See
Changes in this and forthcoming issues for details.
COMMODITY VALUE ADJUSTMENTS
Iron ore and coal
- for this issue, no value adjustments have been applied to the 'metal ores and minerals' or 'coal, coke and briquettes' components. All previous adjustments applied to these components have been removed.
Capital expenditure
- the balance of payments goods debits component 'capital goods n.e.s.' includes an estimate of expenditure on capital goods that have changed ownership but have not yet crossed the Customs frontier.
RELATED RELEASES
For related recent and upcoming releases see
Related releases for details.
INQUIRIES
For further information contact Selvi Sekhar on Canberra (02) 6252 5540 for balance of payments estimates, and Val Tot on Canberra (02) 6252 5541 for international investment estimates.
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