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Australia's Trade Deficit Falls In February

4/3/2012 10:00 PM ET

Australia's trade deficit declined in February, the latest data from the Australian Bureau of Statistics showed Wednesday.

The trade deficit fell to A$480 million from A$971 million in January. Economists had expected the balance to be in a surplus of A$1.1 billion.

Exports fell 2 percent month-on-month in February. Imports were 4 percent lower than a month earlier.

by RTT Staff Writer

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