The Australian Bureau of Statistics (ABS) has released Balance of Payments data for the June quarter, which feeds into tomorrow’s national accounts release.
Australia recorded its 13th consecutive current account surplus in the June 2022 quarter, the longest period on record. The balance on goods and services increased $16.3 billion to reach the highest balance on record, driven by strong export prices:
The terms of trade rose 4.6% reaching its highest level on record:
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