Australia trade balance for November AUD +5.022bn (expected AUD 6.45bn surplus)

Australia trade balance for November records a surplus of AUD 5.022bn

• expected AUD 6.45bn surplus

• prior AUD 7.45bn surplus

exports +3% m/m

• expected -2%, prior 5%

imports +10% m/m ... wow .... this could be indicative of strength in the economy but 2020 was such a non standard year there may well be other factors in play

• expected +3%, prior 1%

more to come