Australia October trade balance AUd 11.22 bn surplus beats expected, but misses for both imports and exports on the month:

  • expected +11bn AUD, prior +12.2bn AUD

Imports -3% m/m

  • imports expected +2%, prior -2%

Exports -3% m/m

  • exports expected -0.6%, prior -6%

more to come

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October kicks of Q4 trade data.