Trade deficit narrows in June to -1.683bn

  • expected -2bn
  • Prior was -2.043bn, revised from -1.911bn

Exports flat at 0.0% change m/m (seasonally adjusted) for June. From the Australian Bureau of Statistics:

  • In seasonally adjusted terms, goods and services credits rose $125m to $26,620m.
  • Rural goods rose $135m (4%)
  • Non-monetary gold rose $68m (7%)
  • Net exports of goods under merchanting rose $1m
  • Non-rural goods fell $116m (1%). Services credits rose $38m (1%).

Imports -1% m/m (seasonally adjusted) for June. From the Australian Bureau of Statistics:

  • In seasonally adjusted terms, goods and services debits fell $235m (1%) to $28,302m
  • Capital goods fell $174m (3%)
  • Consumption goods fell $85m (1%)
  • Non-monetary gold fell $14m (4%)
  • Intermediate and other merchandise goods rose $10m
  • Services debits rose $29m