Australia: Trade surplus consolidates - Westpac

Sandeep Kanihama FXStreet Contributor

Andrew Hanlan, analyst at Westpac, explains that Australia’s trade surplus consolidated in November as it printed $1.9bn following a $2.0bn outcome for October (revised lower from $2.3bn).

Key Quotes

“The November result fell a little below expectations, (market median $2.2bn and Westpac $2.1bn), largely due to the lower starting point for October.”

“Imports and exports both advanced in November.”

“Imports rose by 1.7%, while export earnings increased by 1.4%.”

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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