Australia: November trade surplus prints A$1.93b - TDS

Sandeep Kanihama FXStreet Contributor

Australia’s November trade surplus printed A$1.93b, below market forecasts for a A$2.2b surplus, while the surplus in Oct was revised down from A$2.3b to A$2b, notes the research team at TD Securities.

Key Quotes

“The lower than expected surplus was driven by exports rising 1%/m, with imports rising 2%/m. Given that the average surplus over Oct and Nov is ~A$2b vs A$2.2b in the 3rd qtr, net exports are looking like a drag on Q4 GDP.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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