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2 Apr 2015
Australia's trade deficit close to expectations
FXStreet (Bali) - Australia Trade Balance came slightly above forecasts in February, with actual (-1256M) vs (-1300M). Imports increased by 2% vs previous 3%, while exports were unchanged at 1%.
Feb key points - ABS
BALANCE ON GOODS AND SERVICES: In trend terms, the balance on goods and services was a deficit of $992m in February 2015, an increase of $1m on the deficit in January 2015. In seasonally adjusted terms, the balance on goods and services was a deficit of $1,256m in February 2015, an increase of $253m (25%) on the deficit in January 2015.
CREDITS (EXPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, 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 steady at $34m. Services credits rose $11m.
DEBITS (IMPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services debits rose $534m (2%) to $29,129m. Intermediate and other merchandise goods rose $284m (3%), consumption goods rose $192m (3%) and non-monetary gold rose $96m (36%). Capital goods fell $116m (2%). Services debits rose $78m (1%).
Feb key points - ABS
BALANCE ON GOODS AND SERVICES: In trend terms, the balance on goods and services was a deficit of $992m in February 2015, an increase of $1m on the deficit in January 2015. In seasonally adjusted terms, the balance on goods and services was a deficit of $1,256m in February 2015, an increase of $253m (25%) on the deficit in January 2015.
CREDITS (EXPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, 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 steady at $34m. Services credits rose $11m.
DEBITS (IMPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services debits rose $534m (2%) to $29,129m. Intermediate and other merchandise goods rose $284m (3%), consumption goods rose $192m (3%) and non-monetary gold rose $96m (36%). Capital goods fell $116m (2%). Services debits rose $78m (1%).