Australia’s trade deficit declined in July

By Leith van Onselen

The Australian Bureau of Statistics (ABS) has released trade data for the month of July, with Australia recording a seasonally-adjusted trade deficit of $1,359 million. The result beat analyst’s expectations, who had expected the trade deficit to widen to $1.75 billion.

It was the fourth monthly trade deficit in a row and followed the $1,564 million deficit recorded in June (revised down from $1,685 million) and the $2,041 million deficit recorded in May (revised down from $2,043 million).