Australia's trade surplus narrowed in February when compared to a downwardly revised result in the previous month, but performed better than analysts had expected.
In seasonally adjusted terms, the balance on goods and services was a surplus of $1,200m in February 2014, a decrease of $192m (14%) on the surplus in January 2014.
Exports rose slightly by $120m to $29,970m. Non-rural goods rose $420m (2%). Net exports of goods under merchanting remained steady at $15m. Rural goods fell $157m (4%) and non-monetary gold fell $133m (10%). Services credits fell $10m.
Imports rose $312m (1%) to $28,770m. Capital goods rose $791m (15%) and non-monetary gold rose $109m (43%). Intermediate and other merchandise goods fell $531m (5%) and consumption goods fell $58m (1%). Services debits rose $3m.
4/3/2014 4:16:32 AM