The Australian Bureau of Statistics (ABS) today releasing trade data for the month of July, with Australia’s trade deficit improving to $2,460 million from $3,050 million in June (revised up from $2,933 million). The result easily beat analyst’s expectations, who had expected the trade deficit to widen to $3.16 billion.
It was the 16th monthly trade deficit in a row. The next chart shows the monthly breakdown:
