Exports have been a bright spot for the Australian economy, but imports are indicating domestic market weakness

Trade surplus is AUD 5800m

  • expected AUD 4100m surplus
  • prior AUD 4502m surplus revised to 4075m AUD

Exports +2% m/m (sa) (and +5.5% y/y)

  • Imports ugly at -3% m/m (sa) (-3.1% y/y)

Trade surplus is healthy, but the trend is indicating a narrowing:

Exports have been a bright spot for the Australian economy, but imports are indicating domestic market weakness