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Australian Trade Balance deficit rose in December

Wednesday, Feb 03 2016
In trend terms, the balance on goods and services was a deficit of $3,313m in December 2015, an increase of $168m (5%) on the deficit in November 2015. In seasonally adjusted terms, the balance on goods and services was a deficit of $3,535m in December 2015, an increase of $808m (30%) on the deficit in November 2015. Analysts were anticipating deficit of $2,450m. Goods and services credits fell $1,243m (5%) to $25,247m, while goods and services debits fell $434m (1%) to $28,782m.
 The trend estimate for total dwellings approved fell 0.1% in December and has fallen for eight months. The seasonally adjusted estimate for total dwellings approved rose 9.2% in December following a fall of 12.4% in the previous month. This was above expectations on 4.8% increase. The trend estimate for private sector houses approved rose 0.1% in December and has risen for three months. The seasonally adjusted estimate for private sector houses rose 5.4% in December after falling for three months.
 
Aussie is currently being traded around 0.7020 area. Pair is likely to find support around 0.6980 handle and resistance above 0.7080 level. Later today, in the US session, ADP job figures and Non-Manufacturing PMI data is scheduled for a release.
More in this category: « Eurozone Unemployment Rate at the lowest level since 2011 Spanish and Italian Services PMI declined in January »

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