Global Economic News

Australia Trade Surplus Falls To A$460 Million

Australia had a seasonally adjusted merchandise trade surplus of A$460 million in July, the Australian Bureau of Statistics said on Thursday.

That missed forecasts for a surplus of A$1.000 billion following the upwardly revised A$888 million surplus in June (originally A$856 million).

Exports were down 2.0 percent on month to A$321.071 billion, while imports sank 1.0 percent to A$30.611 billion.

by RTTNews Staff Writer

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