Australia May Trade Deficit A$2.751 Billion
02 July 2015 - 12:50PM
RTTF1
Australia posted a seasonally adjusted merchandise trade deficit
of A$2.751 billion in May, the Australian Bureau of Statistics said
on Thursday.
That missed forecasts for a shortfall of A$2.225 billion
following the downwardly revised A$4.136 billion deficit in April
(originally a deficit of A$3.888 billion).
Exports were up 1.0 percent on month or A$206 million to
A$25.528 billion.
Non-rural goods gained A$313 million (2 percent) and rural goods
added A$164 million (4 percent). Non-monetary gold fell A$286
million (26 percent).
Net exports of goods under merchanting remained steady at A$32
million, while services credits climbed A$16 million.
Imports sank 4.0 percent on month or A$1.179 billion to A$28.279
billion.
Capital goods were down A$1,065 million (18 percent), while
intermediate and other merchandise goods lost A$113 million (1
percent) and consumption goods slipped A$28 million.
Non-monetary gold climbed A$89 million (31 percent), while
services debits fell A$61 million (1 percent).