Australian Trade Balance deficit increased in February

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Thursday, Apr 02 2015

In seasonally adjusted terms, Australian balance on goods and services showed a deficit of $1,256m in February 2015, an increase of $253m (25%) on the deficit in January 2015. This was in line with market forecasts. Goods and services credits rose $282m (1%) to $27,874m.Rural goods rose $390m (11%) and non–monetary gold rose $98m (8%). Non–rural goods fell $218m (1%) and net exports of goods under merchanting remained steadyat $34m. Services credits rose $11m.

Goods and services debits rose $534m (2%) to $29,129m.Intermediate and other merchandise goods rose $284m (3%), consumption goodsrose $192m (3%) and non–monetary gold rose $96m (36%). Capital goods fell $116m (2%). Services debits rose $78m (1%).

Data did not have any major impact on the markets with Aussie declining during the morning part of the session, currently being traded around 0.7590 area. Pair is likely to find support around 0.7550 and resistance above 0.7640 area. Later today, in the US session, Trade Balance and Unemployment Claims figures are scheduled for a release.

More in this category: « U.S. Manufacturing PMI decreased in March Euro higher in an uneventful European part of the session »

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