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Australia November Trade Deficit A$925 Million

Australia posted a seasonally adjusted merchandise trade deficit of A$925 million in November, the Australian Bureau of Statistics said on Tuesday.

That beat forecasts for a shortfall of A$1.6 billion following the upwardly revised deficit of A$877 million in October (originally A$1.323 billion).

Exports were up 1.0 percent on month to A$27.085 billion.

Non-rural goods rose A$486 million or 3 percent, while rural goods climbed A$179 million (6 percent).

Non-monetary gold tumbled A$519 million (38percent), while net exports of goods under merchanting remained steady at A$43 million. Service credits rose A$14 million.

Imports also collected 1.0 percent on month to A$28.010 billion.

Intermediate and other merchandise goods added A$224 million (2%) and consumption goods gained A$131 million (2 percent).

Non-monetary gold plunged A$90 million (27 percent) and capital goods fell A$78 million (1 percent). Service debits added A$20 million.

by RTTNews Staff Writer

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