Australia’s trade deficit narrowed to $1.323b in October, well above the $1.9b figure expected and $2.235b level of September. Exports rose 1.5% from September while imports fell 1.8%.
As the above chart shows a sharp lift in merchandise exports to China, up $1.834b to $8.495b, some 27.5% higher than December, was one of the chief factors behind the surprise headline print.
To view the full report from the ABS click here:
