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Australia's current account deficit increased in the second quarter mainly due to increased net primary income deficit, the Australian Bureau of Statistics reported Tuesday.
The current account deficit rose A$1.79 billion to A$13.47 billion in the June quarter.
The balance on goods and services surplus declined by A$532 million to A$2.81 billion. Exports of goods and services rose A$2.67 billion or 3 percent and imports of goods and services climbed A$3.21 billion or 3 percent.
The net primary income deficit widened by A$1.1 billion to A$15.93 billion in the June quarter.
In volume terms, exports rose stronger than imports this quarter, and as a result international trade is expected to contribute 0.1 percentage points to growth in the June quarter Gross Domestic Product.
