Australia trade balance for April A$2028m surplus
expected surplus A$8250m
prior surplus A$5574m
Exports +3% m/m
expected 7%, prior -2%
Imports -3% m/m
expected -3%, prior 4%
Exports as a % of GDP were not as bad as expected in the Q! GDP data released earlier in the week. The April figure kicks off Q2 trade data and its looking OK although not as high a surplus as was expected.