Australia's trade balance registered its first deficit since late 2017 amid a sharp increase in imports, data published by the Australian Bureau of Statistics showed on Thursday.
The trade deficit totalled A$1.84 billion in March compared to a surplus of A$5.03 billion in February. This was the first shortfall since December 2017. Economists had forecast the surplus to drop to A$4.38 billion.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.