Australian data: Q3 current account misses big time at -2.3bn AUD (expected +6.2bn) | Forexlive

Australian data for the July, August & September quarter of 2022.

Current account balance comes in at -2.3 bn AUD

• expected +6.2bn aud
• prior +18.3bn

Net exports to contribute -0.2% to Q3 GDP

• expected -0.6%
• prior +1.0%

Australian GDP data for Q3 will be published on Wednesday, 7 December 2022 at 0030 GMT. The data also show that government spending will net detract from the GDP result. That may well be not such a bad thing given the enormous, and welcome, splash of cash to deal with the pandemic in prior years.

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Yet to come from Australia today – Reserve Bank of Australia decision.