Australia Trade Deficit Narrows in September


Australia reported a trade gap of $2.32 billion in September 2015, a decrease of 15 percent from an upwardly revised $2.71 billion deficit in August 2015 and beating market consensus, as exports grew more than imports.

Between August and September 2015, in seasonally adjusted terms, exports of goods and services rose $901 million (+3 percent) to $27,428 million. Non-rural goods rose $681 million (+4 percent), non-monetary gold rose $135 million (+10 percent), rural goods rose $43 million (+1 million) and net exports of goods under merchanting rose $1 million (+3 percent). Services credits rose $42 milllion (+1 million).

Between August and September 2015, imports rose $507 million (+2 percent) to $29,745 million. Consumption goods rose $264 million (+3 percent), non-monetary gold rose $161 million (+47 percent) and capital goods rose $115 million (+2 percent). Intermediate and other merchandise goods fell $138 million (-1 percent). Services debits rose $106 million (+2 percent)

Australia Trade Deficit Narrows in September


ABS l Rida Husna | rida@tradingeconomics.com
11/4/2015 1:09:24 AM