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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