Australia Trade Gap Smallest in 4 Months

Australia reported a trade deficit of AUD 2.01 billion in August of 2016, a decrease of 5.0 percent from a downwardly revised AUD 2.12 billion deficit in July while market estimates a gap of AUD 2.30 billion. It was the smallest trade deficit since April as exports and imports were flat.
ABS l Rida Husna | rida@tradingeconomics.com 10/6/2016 12:58:10 AM
Between July and August 2016, in seasonally adjusted terms, goods and services exports rose AUD 0.01 billion to AUD 26.86 billion. Non-rural goods rose AUD 0.41 billion (+3.0 percent) and rural goods rose AUD 0.036 billion (+1 percent). Non-monetary gold fell AUD 0.52 billion (-22 percent). Net exports of goods under merchanting remained steady at AUD 0.047 billion. Services credits rose AUD 0.09 billion (+1 percent).

Goods and services debits fell AUD 0.1 billion to AUD 28.87 billion. Intermediate and other merchandise goods fell AUD 0.3 billion (-3 percent), capital goods fell AUD 0.08 billion (-1 percent) and consumption goods fell AUD 0.016 billion. Non-monetary gold rose AUD 0.22 billion (+42 percent). Services debits rose AUD 0.07 billion (+1 percent).

Australia Trade Gap Smallest in 4 Months