SYDNEY -- Australia's current account deficit widened to a seasonally adjusted A$13.35 billion in the second quarter of 2009 from the first quarter, the Australia Bureau of Statistics said Tuesday.
Economists had expected a current account deficit of A$10.6 billion in the quarter. The March quarter deficit was revised to A$6.35 billion from the A$4.61 billion initially reported.
The deficit on goods and services, in seasonally adjusted chain volume terms, widened by A$683 million over the quarter, which is expected to substract 0.2 percentage points to gross domestic product growth. The consensus for net export contribution to GDP growth was 0.3 percentage points.
Australia's net foreign debt fell 6% in the second quarter from the first quarter to A$633.17 billion, the ABS said.