Australia's trade balance registered its first deficit since late 2017 amid a sharp increase in imports, data published by the Australian Bureau of Statistics showed on Thursday.
The trade deficit totalled A$1.84 billion in March compared to a surplus of A$5.03 billion in February. This was the first shortfall since December 2017. Economists had forecast the surplus to drop to A$4.38 billion.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.