Australia Trade Deficit A$1.7 Billion In November

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Australia posted a seasonally adjusted trade deficit of A$1.7 billion in November, the Australian Bureau of Statistics said on Thursday. That was better than analyst expectations for a A$1.8 billion shortfall following the revised A$2.08 billion deficit in October.

Exports were down A$291 million or 2 percent to A$19.032 billion. Non-rural goods fell A$314 million or 3 percent, with the coal, coke and briquettes component down A$132 million or 5 percent and the metals component down A$120 million or 14 percent. Non-monetary gold fell A$29 million or 3 percent and rural goods rose A$86 million or 5 percent and services credits fell A$33 million or 1 percent.

Imports were down A$670 million or 3 percent to A$20.733 billion. Capital goods fell A$307 million or 8 percent, while non-monetary gold fell A$231 million or 34 percent and intermediate and other merchandise goods fell A$127 million or 2 percent. Consumption goods added A$12 million and services debits fell A$19 million.

(Market News Provided by RTTNews)