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Australia Balance of Payments
The current account deficit, seasonally adjusted, fell $2,542m (21%) to $9,588m in the December quarter 2014. The deficit on the balance of goods and services fell $1,469m (38%) to $2,430m in the December quarter 2014. The primary income deficit fell $1,067m (14%) to $6,621m. In seasonally adjusted chain volume terms, the surplus on goods and services rose $2,814m (54%) from $5,177m in the September quarter 2014 to $7,991m in the December quarter 2014. This is expected to contribute 0.7 percentage points to growth in the December quarter 2014 volume measure of GDP. INTERNATIONAL INVESTMENT POSITION (IIP) Australia's ... (full story)