Asian Economic News

Australia May Trade Deficit A$285 Million

Australia posted a seasonally adjusted merchandise trade deficit of A$285 million in May, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for a shortfall of A$500 million following the revised A$26 million deficit in April - which was originally reported as a A$203 million deficit.

Imports were up 3 percent on year, while exports added 2 percent on year.

by RTTNews Staff Writer

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