- Australia’s trade deficit narrows to A$2.75 billion in May
Market news
2 July 2015
Australia’s trade deficit narrows to A$2.75 billion in May
The Australian Bureau of Statistics released its trade data. Australia's trade deficit narrowed to A$2.75 billion in May from A$4.13 billion in April, missing expectations for a decline to a deficit of A$2.2 billion.
April's figure was revised down from a deficit of A$3.89 billion.
Exports rose by 1% in May, while imports dropped by 4%.
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