Trade Balance for May 2019 due at 0130GMT
- expected 5250m AUD surplus, prior +4871m
ANZ comments:
- We expect to see another strong trade surplus for May.
- Imports are expected to be lower, reflecting lower oil prices through May.
- Exports are likely to have risen further reflecting additional increases in already elevated commodity prices.
- A pick-up in iron ore and coal volumes will also contribute to the improvement.
Graph via Westpac:
