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The Australian Bureau of Statistics (ABS) today releasing trade data for the month of September, with Australia’s trade deficit improving to $2,317 million from $2,711 million in August (revised down from $3,095 million). The result beat analyst’s expectations, who had expected the trade deficit to narrow to $2.9 billion.
Over the September quarter, the trade deficit narrowed to $7,511 billion, a $3,042 improvement from the June quarter, representing the sixth consecutive quarterly deficit:
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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.