The Australian Bureau of Statistics (ABS) today released trade data for the month of October, with Australia’s trade deficit rising to $1,541 million from $1,272 million (revised) in September.
In seasonally adjusted terms, exports rose by $389 million (1%) to $27,631 million in October, whereas imports rose by $658 million (2%) to $29,172 million driven by capital goods (up $490 million or 10%).
