Quarterly BoP Current Account balance, for Q2, -13.7bn
- expected -14.0bn, prior was -5.7bn
The ‘net exports as a % of GDP’ for Q2, -0.90
- expected was -0.7%
- prior was 1.40%
–
Weak data will detract from the Q2 GDP (for release tomorrow, but the RBA will have it for today’s meeting)
This data will subtract about 0.9pp from June quarter GDP
