Australia’s June quarter trade deficit shocker

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By Leith van Onselen

The Australian Bureau of Statistics (ABS) today released trade data for the month of June, with Australia recording its biggest quarterly trade deficit in the post-GFC era.

In the month of June, the trade deficit deteriorated to $2,933 million. The result still beat analyst’s expectations, however, who had expected a trade deficit of $3 billion for the month.

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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.