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