fxs_header_sponsor_anchor

News

Australia trade surplus narrowed in October, exports dropped 3 percent

The data released by the Australia Bureau of Statistics (ABS) shows the trade surplus narrowed to AUD 105 million in October from the September figure of AUD 1604 million. The markets were expecting a trade surplus of AUD 1375 million. 

October key points (Source ABS)

BALANCE ON GOODS AND SERVICES

  • In trend terms, the balance on goods and services was a surplus of $644m in October 2017, a decrease of $112m on the surplus in September 2017.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $105m in October 2017, a decrease of $1,499m on the surplus in September 2017.

CREDITS (EXPORTS OF GOODS AND SERVICES) 

  • In seasonally adjusted terms, goods and services credits fell $903m (3%) to $31,871m. Non-rural goods fell $1,074m (5%) and rural goods fell $85m (2%). Non-monetary gold rose $362m (24%) and net exports of goods under merchanting rose $12m (25%). Services credits fell $118m (2%).

DEBITS (IMPORTS OF GOODS AND SERVICES)

  • In seasonally adjusted terms, goods and services debits rose $596m (2%) to $31,766m. Intermediate and other merchandise goods rose $385m (4%), consumption goods rose $197m (2%) and non-monetary gold rose $16m (4%). Capital goods fell $120m (2%). Services debits rose $119m (2%).

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.