Australian Trade Deficit Narrows in August


In August, Australia's seasonally adjusted balance on goods and services registered a deficit of $815 million, a decrease of $560m or 41 percent on the deficit in July. In August of 2012, Australia's deficit was registered at $2088 million.

Goods and services shipments rose $810m (3 percent) to $27.12 billion. Non-rural goods rose $565m (3 percent) and non-monetary gold sales was up $307m (33 percent). Net exports of goods under merchanting remained steady at $31m. Rural goods were down by $12m. Services exports fell $50m (1 percent).

Goods and services purchases rose $251m (1 percent) to $27.93 billion. Consumption goods increased $309m (5 percent), non-monetary gold rose $107m (27 percent) and capital goods were up $14m. Intermediate and other merchandise goods fell $185m (2 percent). Services imports rose $5m.

Australian Trade Deficit Narrows in August


ABS | Nuno Fontes | nuno@tradingeconomics.com
10/2/2013 8:53:12 AM