- Australia’s trade surplus narrows more than expected in July
Market news
5 September 2019
Australia’s trade surplus narrows more than expected in July
The Australian
Bureau of Statistics (ABS) announced on Thursday that Australia’s trade surplus
in seasonally adjusted terms narrowed to AUD7.268 billion in July from a
downwardly revised AUD7.977-billion surplus in June (initially a surplus of
AUD8.036 billion).
Economists had
expected a surplus of AUD7.400 billion.
According to
the report, the exports increased 0.6 m-o-m in July, after jumping 1.4 percent
m-o-m in June. Meanwhile, imports rose 2.9 percent m-o-m in July, following a
3.5 percent m-o-m drop in the prior month.
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