Australia posted a seasonally adjusted merchandise trade deficit of A$285 million in May, the Australian Bureau of Statistics said on Thursday.
That beat forecasts for a shortfall of A$500 million following the revised A$26 million deficit in April - which was originally reported as a A$203 million deficit.
Imports were up 3 percent on year, while exports added 2 percent on year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.