Australia’s trade deficit improved in August

Thursday 2 October 2014

The Australian Bureau of Statistics (ABS) has released trade data for the month of August, with Australia recording a seasonally-adjusted trade deficit of $787 million. The result narrowly beat analyst’s expectations, who had expected the trade deficit of $800 million.

It was the fifth monthly trade deficit in a row and followed the $1075 million deficit recorded in July (revised down from $1,359 million) and the $1,654 million deficit recorded in June (revised up from $1,564 million).

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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.