Australia Has A$2.03 Billion Trade Deficit In August

Australia Has A$2.03 Billion Trade Deficit In August

Australia saw a seasonally adjusted merchandise trade deficit of A$2.027 billion in August, the Australian Bureau of Statistics said on Wednesday.

That was well shy of forecasts for a shortfall of A$685 million following the downwardly revised A$1.530 billion deficit in July - which was originally pegged as a A$556 million deficit.

Exports were down 3.0 percent on month to A$24.589 billion after falling 3.0 percent in the previous month.

Imports eased 1.0 percent to A$26.615 billion after easing 1.0 percent a month earlier.