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 4502msurplus 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: