6 May 2014
Australian trade balance softer-than-expected
FXStreet (Bali) - Australian trade balance (Mar) came at 731M vs 1,200M expected and 1,200M last, with exports (Mar) coming at -2% vs 0% last and imports (Mar) at 0% vs 1% expected.
MARCH KEY POINTS
BALANCE ON GOODS AND SERVICES
In trend terms, the balance on goods and services was a surplus of $1,174m in March 2014, an increase of $243m (26%) on the surplus in February 2014. In seasonally adjusted terms, the balance on goods and services was a surplus of $731m in March 2014, a decrease of $526m (42%) on the surplus in February 2014.
CREDITS (EXPORTS OF GOODS AND SERVICES)
In seasonally adjusted terms, goods and services credits fell $547m (2%) to $29,033m. Non-rural goods fell $578m (3%) and non-monetary gold fell $56m (4%). Rural goods rose $47m (1%) and net exports of goods under merchanting rose $1m (7%). Services credits rose $40m (1%).
DEBITS (IMPORTS OF GOODS AND SERVICES)
In seasonally adjusted terms, goods and services debits fell $21m to $28,302m. Capital goods fell $119m (2%), consumption goods fell $48m (1%) and non-monetary gold fell $41m (12%). Intermediate and other merchandise goods rose $224m (2%). Services debits fell $36m (1%).
MARCH KEY POINTS
BALANCE ON GOODS AND SERVICES
In trend terms, the balance on goods and services was a surplus of $1,174m in March 2014, an increase of $243m (26%) on the surplus in February 2014. In seasonally adjusted terms, the balance on goods and services was a surplus of $731m in March 2014, a decrease of $526m (42%) on the surplus in February 2014.
CREDITS (EXPORTS OF GOODS AND SERVICES)
In seasonally adjusted terms, goods and services credits fell $547m (2%) to $29,033m. Non-rural goods fell $578m (3%) and non-monetary gold fell $56m (4%). Rural goods rose $47m (1%) and net exports of goods under merchanting rose $1m (7%). Services credits rose $40m (1%).
DEBITS (IMPORTS OF GOODS AND SERVICES)
In seasonally adjusted terms, goods and services debits fell $21m to $28,302m. Capital goods fell $119m (2%), consumption goods fell $48m (1%) and non-monetary gold fell $41m (12%). Intermediate and other merchandise goods rose $224m (2%). Services debits fell $36m (1%).