You are viewing:-
you're reading...
1.Market Observations, 2.Economic forecasts, 8.Was Sticky

4 Sept 2019 (AFR) – Trade surplus keeps Australia’s economy on track

(4 September 2019, AFR, p1, Matthew Cranston, Economics correspondent)

Australia's current account (Westpac, AFR)

Australia’s current account (Westpac, AFR)

‘Concerns that the economic growth may have contracted in the June quarter have been relieved by an export surge that has produced Australia’s  first current account surplus since 1975 and held back the Reserve Bank of Australia from cutting official interest rates below 1 per cent. The current account surplus which takes into account trade and income flows reached $5.8 billion in the June quarter reversing a deficit of $2.9 billion in March and beating economists’ expectations of $1.5 billion.’

Read more at (might need AFR login, or try:

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: