Australian Economy

Trade surplus rockets on collapsing domestic demand

Leith van Onselen
Tuesday, 5 February 2019
Advertisement

By Leith van Onselen

The Australian Bureau of Statistics (ABS) today released trade data for the month of December, with Australia’s trade surplus jumping to $3.7 billion in December from $2,3 billion in November:

The result smashed expectations of a $2.2 billion surplus.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
Twitter Share
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.