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Australia Has A$9 Million Surplus In June

8/1/2012 9:43 PM ET

Australia saw a seasonally adjusted merchandise trade surplus of A$9 million in June, the Australian Bureau of Statistics said on Thursday.

That was well above forecasts for a deficit of A$375 million after posting a shortfall of A$285 million in May.

Exports were flat on month, coming in at A$26.629 billion, after rising 2 percent in the previous month.

Imports were down 2 percent on month to A$26.619 billion after collecting 3 percent a month earlier.

by RTT Staff Writer

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