Australia’s $1.9b trade surplus disappoints

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Posted

January 08, 2019 11:34:30

Australia has recorded a lower than expected trade surplus, below $2 billion, with the previous month’s result also downwardly revised.

Bureau of Statistics figures show that Australia exported about $1.9 billion more than it imported in November, down from a $2 billion surplus in October and $2.8 billion in September.

Economists were typically expecting a trade surplus of $2.2 billion, only marginally down on the previous month’s original result of $2.3 billion.

More to come.

Topics:

trade,

economic-trends,

australia



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