(Reporting by Wayne Cole Editing by Shri Navaratnam)
Messaging: wayne.cole.thomsonreuters.com@reuters.net)) SYDNEY, Feb 28 (Reuters) - Australia's current account
surplus rose sharply in the December quarter as resource exports
boomed and imports eased, providing a sizable fillip to economic
growth.
Data from the Australian Bureau of Statistics on Tuesday
showed the current account surplus widened to A$14.1 billion in
the fourth quarter. That was compared to a revised surplus of
A$0.8 billion in the third quarter and handily beat forecasts of
a A$6.5 billion surplus.
The ABS said net exports would add 1.1 percentage points to
gross domestic product (GDP) in the fourth quarter, when
analysts had looked for a contribution of 1.3 percentage points.
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