Trade deficit deteriorated in March quarter

Tuesday 5 May 2015

The Australian Bureau of Statistics (ABS) has released trade data for the month of March, with Australia recording a seasonally-adjusted trade deficit of $1,322 million. The result missed analyst’s expectations, who had expected a trade deficit of only $1.0 billion.

It was the 12th monthly trade deficit in a row and followed the $1,609 million deficit recorded in February (revised up from $1,256 million) and the $1,135 million deficit recorded in January (revised up from $1,003 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.