Australia's trade surplus increased more than expected in February, reaching a seven-month high, data from the Australian Bureau of Statistics showed Thursday.
The trade surplus rose to A$5.68 billion in February from A$2.26 billion in January. This was the highest since last July. The surplus was expected to rise slightly to A$2.8 billion.
Exports increased 4.9 percent from the previous month, driven by a 29.9 percent surge in non-monetary gold exports. General merchandise exports also gained 0.8 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.