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- Australia’s trade surplus unexpectedly widens in July
Australia’s trade surplus unexpectedly widens in July
The
Australian Bureau of Statistics (ABS) announced on Thursday that Australia’s
trade surplus in seasonally adjusted terms widened to AUD12.117 billion in July
from an upwardly revised AUD11.114-billion surplus in June (initially a surplus
of AUD10.496 billion).
Economists
had expected a surplus of AUD10.200 billion.
According
to the report, the exports of goods and services increased 5.0 m-o-m in July,
after jumping 4.1 percent m-o-m in June (revised from 4.0 percent m-o-m). Meanwhile,
imports of goods and services rose 3.0 percent m-o-m in July, following a 1.0
percent m-o-m gain in the prior month.
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