Australia - BoP Current Account balance for Q4: -21.1bn (expected -20.0bn)

Australian data (please note January Building Approvals are on a separate post)

BoP Current Account balance for Q4, wider than expected at -21.1bn

• expected is -20.0bn, prior was -18.1bn

'Net exports as a % of GDP' for Q4, comes in at flat, 0.0%

• expected 0.3% prior was 1.5%

BTW, Q4 terms of trade in at -3.2%

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Make no mistake, this is poor data .... the net exports at 0%! GDP is going to be weaker than the 0.5% that was expected as recently as last week.

I've more on what I reckon are the implications for today's RBA decision here at the simultaneously released building approvals data for January.