Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Australia recorded its 15th consecutive quarterly current account surplus in Q4, boosted by the second highest trade surplus on record during the quarter, according to the Australian Bureau of Statistics.
The current account balance rose to a surplus of AUD14.1 billion in Q4, up from a revised surplus of AUD753 million in Q3. The trade surplus reached AUD40.9 billion, while the net primary income deficit fell to AUD26.4 billion following the record high deficit of AUD30.4 billion in Q3. The value of mining commodity exports exceeded AUD400 billion in 2022.
The terms of trade increased 0.6% to 111.7, up from 111.1 in Q3. Australia's net international investment liability position was AUD856.8 billion in Q4, a fall of AUD3.1 billion on the revised Q3 position of AUD859.9 billion.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.