Asian Economic News

Australia Has A$670 Million Trade Surplus

Australia saw a seasonally adjusted merchandise trade surplus of A$670 million in May, the Australian Bureau of Statistics said on Wednesday.

That blew away forecasts for a surplus of A$53 million following the upwardly revised A$171 million surplus in April (originally A$28 million).

Exports were up a seasonally adjusted 4.0 percent on month to A$26.444 billion, while imports added 2.0 percent on month to A$25.774 billion.

by RTTNews Staff Writer

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