Australian trade balance for January is an enormous beat, a surplus of 10,142m
expected AUD 6850m surplus
prior AUD 6785m surplus
exports +6% m/m also for a huge beat
expected 4%, prior 3 m/m%
imports -2% m/m for the miss ... the lower than expected imports will cast a bit of a shadow over the economic recovery, although what with shipping disruptions and what have you there are plenty of questions surrounding trade
expected -4%, prior -2% m/m
more to come
