CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Trade surplus narrows as AU inches slightly

The Australian Bureau of Statistics (ABS)released trade balance data on Thursday, showing a July trade surplus of $1.55 billion.

Zena Chamas

Publication date : 2018-09-06T04:39:00+0100

Australia

This July’s trade surplice beat the expectation of $1.40 billion, down from $1.873 billion in June. However the Australian dollar didn’t react much to the news, the AUD/USD continued to trade around 0.7200.

The balance on goods and services was a surplus of $1,425m in July 2018, increasing $17m on the surplus in June 2018.

In seasonally adjusted terms, the balance on goods and services was a surplus of $1,551m in July 2018, a decrease of $386m on the surplus in June 2018, according to the ABS.

Goods and services credits fell 1 % to $36,070million, and Non-monetary gold fell 10% to $189m.

Non-rural goods fell 1% to $138m and rural goods fell 2% to $76m. However, net exports of goods under merchanting rose $7m, and Services credits rose $34m.

In seasonally adjusted terms, goods and services debits rose $24m to $34,519m. Intermediate and other merchandise goods rose 6 % to $605m and non-monetary gold rose 11% to $69m. Capital goods fell and consumption goods fel 4%, while services debits rose 1% to $109 million.

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