Trade deficit to hurt Q2 national accounts

Tuesday 5 August 2014

The Australian Bureau of Statistics (ABS) has released trade data for the month of June, with Australia recording a seasonally-adjusted trade deficit of $1,683 million. The result beat analyst’s expectations, who had expected a trade deficit of only $2 billion.

It was the third monthly trade deficit in a row and followed the $2,043 million deficit recorded in May (revised up from $1,911 million) and the $1,049 million deficit recorded in April (revised up from $780 million).

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.