Australia's Trade Deficit Narrows in October
Australian trade gap declined to $1,323m in October 2014, a decrease of $912m (41%) on the deficit in September 2014 as exports rose and imports dropped.
12/4/2014 12:41:38 AM
Between September and October 2014, in seasonally adjusted terms, exports rose $409m (2%) to $26,904m. Non-rural goods rose $700m (4%). Non-monetary gold fell $204m (13%), rural goods fell $115m (4%) and net exports of goods under merchanting fell $7m (70%). Services credits rose $35m (1%).
In seasonally adjusted terms, imports fell $503m (2%) to $28,227m. Intermediate and other merchandise goods fell $371m (4%), consumption goods fell $95m (1%), capital goods fell $43m (1%) and non-monetary gold fell $34m (9%). Services debits rose $39m (1%).