Australia Reports Trade Deficit for Third Month

In seasonally adjusted terms, the balance on goods and services was a deficit of $1,587m in March 2012, a rise of $833m on the deficit in February 2012.

In seasonally adjusted terms, exportss rose $392m (2%) to $24,521m. Rural goods rose $199m (8%) and non-monetary gold rose $75m (6%). Non-rural goods fell $38m. Net exports of goods under merchanting remained steady at $30m. Services credits rose $156m (4%).

In seasonally adjusted terms, imports rose $1,224m (5%) to $26,107m. Intermediate and other merchandise goods rose $804m (9%), consumption goods rose $317m (6%) and capital goods rose $65m (1%). Non-monetary gold fell $90m (17%). Services debits rose $128m (2%).

Australia Reports Trade Deficit for Third Month, ABS
5/8/2012 11:31:23 AM