Australian Trade Terms
On Thursday, Australian trade data warranted investor attention. Improving trade terms would signal an improving macroeconomic environment. A pickup in demand could influence RBA monetary policy goals after the recent retail sales figures.
The Australian trade surplus widened from A$7,660 million to A$11,437 million in November. Economists forecast an Australian trade surplus of A$7.500 million.
According to the ABS,
Exports increased by 1.7% (A$789 million).
- Non-rural goods exports increased by A$887 million, countering an A$112 million fall in the export of non-monetary gold.
Imports tumbled by 7.9% (A$2,988 million).
- Consumption goods imports slid by A$1,635 million. Non-industrial…
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