SARB's Quarterly Bulletin, December 2006

The South African Reserve Bank published its December 2006 Quarterly Bulletin on 8 December. According to the latest Bulletin, higher South African exports and a fall in oil imports helped narrow the current account deficit in the third quarter.

The shortfall for the previous two quarters was revised downwards to 6,1 percent of gross domestic product and 5,7 percent respectively, data showed in the bank's September quarterly bulletin.

"Export volumes rose strongly, supported by brisk global demand

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