Australian Trade Balance deficit rose less than expected

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Tuesday, Jan 06 2015

While analysts were predicting incline to $1.59 billion deficit, Australian Trade Balance figures showed a deficit of $925m in November 2014, an increase of $48m (5%) on the deficit in October 2014.

In seasonally adjusted terms, goods and services credits rose $160m (1%) to $27,085m. Non-rural goods rose $486m (3%) and rural goods rose $179m (6%). Non-monetary gold fell $519m (38%). Net exports of goods under merchanting remained steady at $43m. Service credits rose $14m.

Imports rose $208m (1%) to $28,010m. Intermediate and other merchandise goods rose $224m (2%) and consumption goods rose $131m (2%). Non-monetary gold fell $90m (27%) and capital goods fell $78m (1%). Service debits rose $20m.

Data was supportive for Aussie which was boosted and is currently being traded around 0.8150 area. Later today, in the US session ISM Services PMI figures are scheduled for a release.

More in this category: « German CPI unchanged in December Spanish Services PMI grew to 54.3 in December »

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