Australia’s Trade Surplus narrows to 5,589M MoM in June vs. 5,000M expected

Australia’s trade surplus narrowed to 5,589M MoM in June versus 5,000M expected and 5,773M in the previous reading, according to the latest Aussie foreign trade data published by the Australian Bureau of Statistics on Thursday.

Further details reveal that Australia’s May Goods/Services Exports reprint 1.7% figures on a monthly basis versus 2.8% prior. The nation’s Goods/Services Imports rose 0.5% in June MoM versus 3.9% prior.