6 Nov 2013
Australian trade deficit shrinks
FXstreet.com (Barcelona) - Australian trade balance for the month of September came at -248M vs -450M exp and -815M prior month, with exports (Sep) at 0% vs 3% last, while imports (Sep) saw -1% vs 1% last.
September key points
Balance on goods and services: "In trend terms, the balance on goods and services was a deficit of $678m in september 2013, a decrease of $49m (7%) on the deficit in august 2013. in seasonally adjusted terms, the balance on goods and services was a deficit of $284m in september 2013, a decrease of $409m (59%) on the deficit in august 2013."
Credits (exports of goods and services): "In seasonally adjusted terms, goods and services credits rose $124m to $27,309m. non-rural goods rose $206m (1%). rural goods fell $88m (3%), net exports of goods under merchanting fell $1m (3%) and non-monetary gold fell $1m. services credits rose $8m."
Debits (imports of goods and services): "In seasonally adjusted terms, goods and services debits fell $285m (1%) to $27,593m. consumption goods fell $213m (3%), capital goods fell $160m (3%) and non-monetary gold fell $148m (29%). intermediate and other merchandise goods rose $215m (2%). services debits rose $21m."
September key points
Balance on goods and services: "In trend terms, the balance on goods and services was a deficit of $678m in september 2013, a decrease of $49m (7%) on the deficit in august 2013. in seasonally adjusted terms, the balance on goods and services was a deficit of $284m in september 2013, a decrease of $409m (59%) on the deficit in august 2013."
Credits (exports of goods and services): "In seasonally adjusted terms, goods and services credits rose $124m to $27,309m. non-rural goods rose $206m (1%). rural goods fell $88m (3%), net exports of goods under merchanting fell $1m (3%) and non-monetary gold fell $1m. services credits rose $8m."
Debits (imports of goods and services): "In seasonally adjusted terms, goods and services debits fell $285m (1%) to $27,593m. consumption goods fell $213m (3%), capital goods fell $160m (3%) and non-monetary gold fell $148m (29%). intermediate and other merchandise goods rose $215m (2%). services debits rose $21m."