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SEPTEMBER KEY FIGURES

			Jun Qtr 2016	Sep Qtr 2016	Jun Qtr 2016 to Sep Qtr 2016
			$m	$m	% change
BALANCE ON CURRENT ACCOUNT
	Trend estimates		-14 619	-11 959	18
	Seasonally adjusted		-15 943	-11 358	29
BALANCE ON GOODS AND SERVICES
	Trend estimates		-7 147	-5 099	29
	Seasonally adjusted		-7 381	-4 682	37
NET PRIMARY INCOME
	Trend estimates		-7 099	-6 469	9
	Seasonally adjusted		-8 211	-6 265	24
LEVELS AT END OF PERIOD
	International Investment Position		1 037 897	1 043 279	1
		Net foreign equity	-9 806	-5 242	47
		Net foreign debt	1 047 703	1 048 521	-
- nil or rounded to zero (including null cells)

Current Account Balance (a), Main aggregates

International Investment

• The current account deficit, seasonally adjusted, fell $4,585m (29%) to $11,358m in the September quarter 2016. The deficit on the balance on goods and services fell $2,699m (37%) to $4,682m. The primary income deficit fell $1,946m (24%) to $6,265m.
• In seasonally adjusted chain volume terms, the surplus on goods and services fell $871m (61%) from $1,432m in the June quarter 2016 to $561m in the September quarter 2016. This is expected to detract 0.2 percentage points from growth in the September quarter 2016 volume measure of GDP.

• Australia's net IIP liability position was $1,043.3b at 30 September 2016, an increase of $5.4b (1%) on the revised 30 June 2016 position of $1,037.9b. Australia's net foreign debt liability increased $0.8b to a net liability position of $1,048.5b. Australia's net foreign equity asset decreased $4.6b (47%) to a net asset position of $5.2b at 30 September 2016.