The Australian economy seems to keep dodging bullets.
- Q1 current account deficit AUD 4.6 bln vs AUD 5.4 bln expectation
- Net exports contribution to GDP +2.2% vs +1% expected
- Public spending -0.2%
- Building approvals +5.1% MoM
The AUD is off its lows, currently trading at .8090, after these better than expected figures show a resilient economy.
