SEPTEMBER KEY FIGURES
 | | | Jun Qtr 2010 | Sep Qtr 2010 | Jun Qtr 2010 to Sep Qtr 2010 |
| | | $m | $m | % change |
|
| BALANCE ON CURRENT ACCOUNT | | | |
| Trend estimates | -7 663 | -6 739 | 12 |
| Seasonally adjusted | -5 413 | -7 830 | -45 |
| BALANCE ON GOODS AND SERVICES | | | |
| Trend estimates | 5 371 | 6 309 | 17 |
| Seasonally adjusted | 6 570 | 5 773 | -12 |
| NET PRIMARY INCOME | | | |
| Trend estimates | -12 584 | -12 586 | - |
| Seasonally adjusted | -11 503 | -13 166 | -14 |
| LEVELS AT END OF PERIOD | | | |
| International Investment Position | 767 093 | 771 312 | 1 |
| | Net foreign equity | 92 788 | 105 321 | 14 |
| | Net foreign debt | 674 305 | 665 992 | -1 |
|
| - nil or rounded to zero (including null cells) |
Current Account, Main aggregates - Trend estimates at current prices (a)
| International Investment
|
SEPTEMBER KEY POINTS
BALANCE OF PAYMENTS
- The current account deficit, seasonally adjusted, rose $2,417m (45%) to $7,830m in the September quarter 2010. The surplus on the balance of goods and services fell $797m (12%) to $5,773m. The primary income deficit rose $1,663m (14%) to $13,166m.
- In seasonally adjusted chain volume terms, there was a turnaround on net goods and services of $1,457m from a surplus of $1,389m in the June quarter 2010 to a deficit of $68m in the September quarter 2010. This is expected to detract 0.4 percentage points from growth in the September quarter 2010 volume measure of GDP.
INTERNATIONAL INVESTMENT POSITION (IIP)
- Australia's net IIP rose $4.2b to a net liability position of $771.3b in the September quarter 2010. Australia's net foreign debt liability decreased $8.3b to a liability position of $666.0b. Australia's net foreign equity liability increased $12.5b to a liability position of $105.3b.
NOTES
FORTHCOMING ISSUES
| ISSUE (QUARTER) | Release Date |
| December 2010 | 1 March 2011 |
| March 2011 | 31 May 2011 |
| June 2011 | 6 September 2011 |
REVISIONS
In original terms, data have been revised back to September 2006. See
Revisions for details.
CHANGES IN THIS ISSUE
Changes in this issue describes changes to:
- Seasonally adjusted and trend estimates
- Chain volume estimates, implicit price deflators and term of trade indexes
- Selected international accounts ratios - table 35
- In addition the format of the Analysis and Comments section has been revised to better present information clients have expressed an interest in. A mock-up of the new format was released on the ABS website on 14 September 2010.
IRON ORE PRICES
An adjustment has been made to the value of the 'metal ores and minerals' component in the balance of payments series. See
Commodity price adjustment for details.
TRADE IN SERVICES DATA CUBES
Financial Year Trade in Services data cubes incorporating data for 2009-10 (cat. no. 5368.0.55.003) will be released on 3 December 2010.
CONCEPTS, SOURCES AND METHODS PUBLICATION
The next issue of
Balance of Payments and International Investment Position, Australia: Concepts, Sources and Methods - 2011 (cat. no. 5331.0), is scheduled to be released on 8 March 2011. This issue will describe the concepts, sources and methods used to compile the balance of payments statistics in this publication which are on a Balance of Payments and International Investment Position manual, sixth edition (BPM6) basis.
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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