Trade deficit corrects

Friday, 8 June 2012

Some more good news. In April the trade balance corrected to -$203 million, wiping out its first quarter deficit and beating the consensus of -$900 million easily:

In the internals we see that it was a 3.3% rise in exports and 0.9%% fall in imports that delivered the goods:

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.