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Australia's current account deficit expanded to $14.7B in Q1 2025, influenced by rising business inventories and higher imports.
In the March 2025 quarter, Australia's current account deficit widened to $14.7 billion, driven by a reduction in the net income deficit.
Business inventories surged, particularly in mining and manufacturing, likely adding +0.1 to GDP growth.
However, gross company profits fell -0.5% and net exports' contribution to GDP stayed at -0.1%.
Exports, led by record gold sales to the US, increased 1.9%, while imports rose 2.2%, fueled by higher fuel and lubricant costs.
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El déficit de la cuenta corriente de Australia se expandió a $ 14.7B en el primer trimestre de 2025, influenciado por el aumento de los inventarios comerciales y el aumento de las importaciones.