Australia - Trade balance for August: AUD 5926m (expected 6,000m surplus)
Trade data from Australia a miss for the month at +5926m AUD
- expected 6,000m surplus
- prior 7253m surplus, revised from 7,268m surplus
- exports -3% m/m
- imports flat at 0.0% m/m
Exports have been a bright spot for the Australian economy. Commodity prices are off the boil though, so the stellar performance is going to cool a little.