Australian Trade Surplus narrows to 11,158M MoM in April vs. 14,000M expected
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According to the latest data published by the Australian Bureau of Statistics, Australia’s trade surplus shrank more than expected in April.
The April Goods/Services Trade Balance came in at 11,158M MoM, compared with the exepctations of 14,000M and 15,269M prior.
Australia April Goods/Services Exports dropped 5.0% on a monthly and seasonally adjusted vs. 2.0% previous.
The country’s April Goods/Services Imports rose 2% MoM and seasonally adjusted vs. 2.0% booked in March.
AUD/USD has paused its upside on the discouraging Australian trade figures. The spot is trading 0.16% higher at 0.6663, at the press time.
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