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The Australian Bureau of Statistics (ABS) has released trade data for the month of December, with Australia recording a seasonally-adjusted trade deficit of $2,261 million. The result was worse than analyst’s expectations, who had expected a trade deficit of only $1.85 billion.
It was the ninth monthly trade deficit in a row and followed the $1,016 million deficit recorded in November (revised up from $925 million) and the $1,140 million deficit recorded in October (revised up from $877 million).
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.