Market Overview

Australia Posts Narrower September Trade Deficit

Australia posted a narrower adjusted trade deficit in September.

According to the Australian Bureau of Statistics, the country's trade deficit narrowed to 1.46 billion Australian dollars ($1.51 billion) in the month, versus A$1.88 billion in August. However, economists were projecting a deficit of $A1.5 billion.

The country's exports declined 1% in the month, while imports fell 2%.

Posted-In: Australia trade deficitNews

 

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