Trade deficit blows out in October

Thursday 3 December 2015

The Australian Bureau of Statistics (ABS) today released trade data for the month of October, with Australia’s trade deficit blowing-out to $3,305 million from $2,403 million in September (revised up from $2,317 million). The result disappointed analyst’s expectations, who had expected the trade deficit to widen to $2.6 billion.

It was the 19th consecutive monthly trade deficit and one of the largest recorded over the past decade:

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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.