The current account deficit, seasonally adjusted, fell $403m (11%) to $3,108m in the March quarter 2017. There was an increase of $3,129m (51%) on the balance on goods and services, resulting in a surplus of $9,242m in the March quarter 2017. The primary income deficit rose $2,712m (29%) to $11,940m. In seasonally adjusted chain volume terms, the surplus on goods and services fell $2,966m (85%) from $3,509m in the December quarter 2016 to $543m in the March quarter 2017. This is expected to detract 0.7 percentage points from growth in the March quarter 2017 volume measure of GDP. INTERNATIONAL INVESTMENT POSITION ... (full story)