Oz trade deficit doubles on higher imports

Tuesday 4 November 2014

The Australian Bureau of Statistics (ABS) has released trade data for the month of September, with Australia recording a seasonally-adjusted trade deficit of $2,261 million. The result was worse than analyst’s expectations, who had expected a trade deficit of only $1.85 billion.

It was the sixth monthly trade deficit in a row and followed the $1,013 million deficit recorded in August (revised up from $787 million) and the $1,244 million deficit recorded in July (revised up from $1,075 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.