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.

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


ABS l Rida Husna | rida@tradingeconomics.com
10/6/2016 12:58:10 AM