Asian Economic News

Australia's Trade Deficit Falls In February

Australia's trade deficit declined in February, the latest data from the Australian Bureau of Statistics showed Wednesday.

The trade deficit fell to A$480 million from A$971 million in January. Economists had expected the balance to be in a surplus of A$1.1 billion.

Exports fell 2 percent month-on-month in February. Imports were 4 percent lower than a month earlier.

by RTTNews Staff Writer

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