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Australia: Trade deficit shrinks more than expected in Jan

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Australian trade gap narrowed and also bettered expectations in Jan, as reported by the Australian Bureau of Statistics (ABS).

    The trade deficit shrank to AUD 2.94b in Jan versus -3.22b expected, and against -3.52b seen in Dec. Exports rose AUD266m (1%) to AUD2.56b, while the imports fell AUD320m (1%) to AUD2.85b
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