The Australian Bureau of Statistics (ABS) has released trade data for the month of May, with Australia recording a seasonally-adjusted trade deficit of $1,911 million. The result badly missed analyst’s expectations, who had expected a trade deficit of only $200 million.
It was the second monthly trade deficit in a row and followed the $780 million deficit recorded in April (revised up from $122 million) and the $739 million surplus recorded in March (revised down from $902 million).
