Australia’s Oct trade deficit widens worse than estimates

Dhwani Mehta FXStreet

FXStreet (Mumbai) - The Australian Bureau of Statistics (ABS) showed on Thursday, Australia’s trade gap expanded to A$3.31 billion in October, compared to a revised $2.40 billion in Sept, missing forecasts of a $2.60 billion shortfall.

Exports fell 3% from A$829m to A$26,594m on the back of a 6% drop in metals and minerals exports. While imports rose marginally by A$74m to A$29,900m.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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