Australia’s $1.9b trade surplus disappoints
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.