Two more data sets released today:
First, June motor vehicle sales data released by the Federal Chamber of Automotive Industries (FCAI) show a fall of 11.6% than the prior corresponding period (i.e June last year), although this has been put down to supply constraints from the Japanese earthquake.
A highlight was an increase in locally manufactured cars by 2.2%, namely the Holden Cruze.
Second, the May trade figures from the ABS have been released.
The key points:
BALANCE ON GOODS AND SERVICES
The trend estimate of the balance on goods and services was a surplus of $1,689m in May 2011, a rise of $54m on the surplus in April 2011.
In seasonally adjusted terms, the balance on goods and services was a surplus of $2,333m in May 2011, a rise of $716m on the surplus in April 2011.
EXPORTS OF GOODS & SERVICES
In seasonally adjusted terms, goods and services credits rose $813m (3%) to $26,258m. Non-monetary gold rose $536m (49%), rural goods rose $172m (6%) and non-rural goods rose $103m (1%). Net exports of goods under merchanting remained steady at $35m. Services credits rose $1m.
IMPORTS OF GOODS & SERVICES
In seasonally adjusted terms, goods and services debits rose $97m to $23,926m. Consumption goods rose $204m (4%) and intermediate and other merchandise goods rose $159m (2%). Capital goods fell $347m (8%) and non-monetary gold fell $23m (6%). Services debits rose $104m (2%).
More detail is available here.