Australia: Trade surplus consolidates - Westpac
Andrew Hanlan, analyst at Westpac, explains that Australia’s trade surplus consolidated in November as it printed $1.9bn following a $2.0bn outcome for October (revised lower from $2.3bn).
“The November result fell a little below expectations, (market median $2.2bn and Westpac $2.1bn), largely due to the lower starting point for October.”
“Imports and exports both advanced in November.”
“Imports rose by 1.7%, while export earnings increased by 1.4%.”