Australia: BoP current account and exports data for Q3

Australian data (building approvals on separate post)

BoP current account balance Q3: -18.1bn

• expected is -16.5bn and prior -20.5bn, revised from -19.0bn

Net exports as a % of GDP for Q3, 1.5%

• expected is 1.20%, prior was -0.6%

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That export figure is a good one ... we get GDP data for Q3 tomorrow and its looking better as the 'partials' have been hitting this week ... an upside risk for the GDP tomorrow

Estimates say net exports will add around 1.5% to GDP result tomorrow, while government spending will subtract 0.2%

Hold onto your hats ... tomorrow's GDP is going to be a good one!

more to come