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AUSTRALIA DATA: Trade Surplus Narrows, Capex Imports Soften

AUSTRALIA DATA

The September merchandise trade surplus narrowed more than expected to $4.61bn from $5.28bn as the fall in exports outpaced imports. Coal and iron ore prices fell on the month. The surplus has been trending lower for around a year as commodity prices have eased but looking through the volatility it may be stabilising. Q3 data showed another terms of trade deterioration in the quarter.

Australia merchandise trade balance A$mn

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The September merchandise trade surplus narrowed more than expected to $4.61bn from $5.28bn as the fall in exports outpaced imports. Coal and iron ore prices fell on the month. The surplus has been trending lower for around a year as commodity prices have eased but looking through the volatility it may be stabilising. Q3 data showed another terms of trade deterioration in the quarter.

Australia merchandise trade balance A$mn

Keep reading...Show less