Trade deficit narrowed in October

Thursday 4 December 2014

The Australian Bureau of Statistics (ABS) has released trade data for the month of October, with Australia recording a seasonally-adjusted trade deficit of $1,323 million. The result beat analyst’s expectations, who had expected a trade deficit of $1.8 billion.

It was the seventh monthly trade deficit in a row and followed the $2,235 million deficit recorded in September (revised down from $2,261 million) and the $1,045 million deficit recorded in August (revised up from $1,013 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.