5 Dec 2013
Australian trade deficit softer-than-expected
FXstreet.com (Bali) - Australian October trade balance deficit came worse-than-expected at 529m vs 350m deficit expected, with exports staying flat while imports rose by 1%.
October key points (ABS)
BALANCE ON GOODS AND SERVICES: In trend terms, the balance on goods and services was a deficit of $547m in October 2013, a decrease of $126m (19%) on the deficit in September 2013.In seasonally adjusted terms, the balance on goods and services was a deficit of $529m in October 2013, an increase of $258m (95%) on the deficit in September 2013.
CREDITS (EXPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services credits fell $26m to $27,273m. Rural goods fell $80m (3%) and non-rural goods fell $51m. Non-monetary gold rose $146m (12%) and net exports of goods under merchanting rose $15m (50%). Services credits fell $57m (1%).
DEBITS (IMPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services debits rose $231m (1%) to $27,802m. Intermediate and other merchandise goods rose $83m (1%), consumption goods rose $78m (1%), capital goods rose $23m and non-monetary gold rose $1m. Services debits rose $48m (1%).
October key points (ABS)
BALANCE ON GOODS AND SERVICES: In trend terms, the balance on goods and services was a deficit of $547m in October 2013, a decrease of $126m (19%) on the deficit in September 2013.In seasonally adjusted terms, the balance on goods and services was a deficit of $529m in October 2013, an increase of $258m (95%) on the deficit in September 2013.
CREDITS (EXPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services credits fell $26m to $27,273m. Rural goods fell $80m (3%) and non-rural goods fell $51m. Non-monetary gold rose $146m (12%) and net exports of goods under merchanting rose $15m (50%). Services credits fell $57m (1%).
DEBITS (IMPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services debits rose $231m (1%) to $27,802m. Intermediate and other merchandise goods rose $83m (1%), consumption goods rose $78m (1%), capital goods rose $23m and non-monetary gold rose $1m. Services debits rose $48m (1%).