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AUSTRALIA DATA: Surplus Widens But Some Concerning Details

AUSTRALIA DATA

The deterioration in the merchandise trade surplus appears to have stabilised. A small narrowing was expected in October but it actually widened to $5.95bn from $4.53bn as exports outpaced imports. But some of the details were soft with capital goods imports declining for the third straight month, exports weak to China and commodity export volumes generally lower. 

Australia merchandise exports vs imports y/y% 3-mth ma

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The deterioration in the merchandise trade surplus appears to have stabilised. A small narrowing was expected in October but it actually widened to $5.95bn from $4.53bn as exports outpaced imports. But some of the details were soft with capital goods imports declining for the third straight month, exports weak to China and commodity export volumes generally lower. 

Australia merchandise exports vs imports y/y% 3-mth ma

Keep reading...Show less